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Net short dollar positions fall to $30.90 billion in latest week

Speculators reduced their net short dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

The value of the net short dollar position fell to $30.90 billion in the week ended Sept. 15, compared with a net short of $32.67 billion the previous week.


Citgo, Phillips 66 update status of post-Laura operations in Lake Charles

Citgo Petroleum Corp. and Phillips 66 are advancing efforts to restart their refining operations in Lake Charles, La., following damages sustained during Hurricane Laura’s Aug. 27 landfall along the US Gulf Coast in southwestern Louisiana.

With preliminary assessment of damages now completed and repair plans now in place, Citgo expects a phased restart of its 425,000-b/d Lake Charles refining complex, with all units anticipated to be back in service by mid to late-October, the operator said on Sept. 11.


USA : US team arrives in North Korea to prepare for summit

REUTERS- US President Donald Trump said on Sunday a US team had arrived in North Korea to prepare for a proposed summit between him and North Korean leader Kim Jong-un, which Trump pulled out of last week before reconsidering.

It was the latest twist in a week of diplomatic ups and downs over the prospects for the unprecedented meeting.



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