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  • May 14, 2025

OPEC expects slower 2025 oil supply growth from rivals after price drop

LONDON (Reuters) -OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last month's forecast of 900,000 bpd. A slowdown in supply growth outside OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies, would make it easier for OPEC+ to balance the market.

  • May 14, 2025

Tariff truce sparks hopes for Halloween orders in China

YIWU, China (Reuters) -A tariff truce between the United States and China is helping kickstart the resumption of trade between the countries but for manufacturers of Halloween decorations in the eastern Chinese city of Yiwu feelings are mixed. President Donald Trump's tariffs on Chinese imports, which reached 145% in April, prompted waves of U.S. customers to suspend or delay orders for festive decorations, disrupting business for the likes of Lou Xiaobo, whose company Xubo relies on the U.S. for 20% of sales. The 25-year-old, whose family has been making Halloween decorations in Yiwu for 28 years, warned they would have to scramble to produce and ship their hanging skeletons and costume props to America in time for the October 31 holiday.

  • May 14, 2025

Spring Clean Your Portfolio: 5 Cryptocurrencies to Offload in 2025

Meme coins such as Dogecoin and Shiba Inu remain highly risky and speculative, with little chance of regaining their former mojo. Cardano and Avalanche no longer have any realistic chance of overtaking Ethereum, and can be safely discarded. Litecoin had early momentum in 2025 based on spot ETF speculation, but has since fizzled.

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