Economy
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Economic Impact: How Shadow Fleet Strikes Affect Global Oil Markets
ROME, July 12 — From the Black Sea to the corridors of global energy markets, a quiet but…
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Russia’s Oil Revenues Rebound, Giving the Kremlin More Time to Fund the Ukraine War
MOSCOW, July 11 — Russia’s oil and gas revenues, which funded roughly 30-40% of the federal budget in…
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Russia Diesel Deal and Lukoil Oil Talks Hand Putin a Political Win, Analysts Say
WASHINGTON, July 11 — The Trump administration is weighing a proposal to impose heavy tariffs on Russian oil,…
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Higher Oil Prices Give Russia More Time to Pay for the War
MOSCOW, July 11 — The shift is already underway in global energy markets, and Russia’s oil sector is…
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Russia’s Fossil Fuel Export Revenue Hits Two-Year High as China and India Keep Buying
MOSCOW, July 11 — Russia’s position as the world’s third-largest oil producer, trailing only the United States and…
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Ukrainian Strikes Hit Russian Fuel Exports as Crude Trade Shifts to Asia
MOSCOW, July 11 — Against the backdrop of shifting global alliances and the steady recalibration of energy flows…
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Secondary Tariffs on Russian Oil Buyers Could Ripple Through US Supply Chains
ROME, July 10 — The proposed US tariffs on Russian oil represent a shift in the mechanics of…
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Trump Signs Russia Sanctions Law Allowing Tariffs of Up to 100% on Energy Buyers
WASHINGTON, July 10 — The prospect of heavy US tariffs on Russian oil, a tool the Trump administration…
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New US Law Threatens Tariffs on Russian Oil Buyers as Brent Tops $100
WASHINGTON, July 10 — The figure that matters for American drivers is 25 cents. If Brent crude prices…
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Ukraine Renews Drone Strikes on Russian Oil Refineries, Killing at Least Three
MOSCOW, July 10 — Ukrainian drone strikes on Russian oil facilities have tightened global markets for refined fuels,…
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Economist Sees Trump Iran Talks Echo China Trade War Playbook
WASHINGTON, July 9 — A senior economist is drawing a pointed comparison between the current U.S.-Iran nuclear negotiations…
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Brent Crude Nears $100 as U.S. Strikes Iranian Tankers, Iran Vows Response
WASHINGTON, July 9 — Oil prices are once again in the crosshairs of geopolitics, and the numbers help…
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Shale Boom Made the US the Top Oil Producer, but Debt Now Threatens It
ODESSA, Texas, July 9 — On a scrub-blasted patch of West Texas where the wind never seems to…
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Crude Oil Nears $104 a Barrel as Iran Tensions and Tanker Incidents Rattle Markets
LONDON, July 9 — Oil prices surged on July 5, 2024, after the United States imposed sanctions on…
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U.S. Strategic Petroleum Reserve Falls to 316.5 Million Barrels as Hormuz Crisis Drags On
WASHINGTON, July 9 — The Strategic Petroleum Reserve, the world’s largest emergency crude oil stockpile, sits at roughly…
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The 1970s Oil Crises and Their Long Economic Shadow
ROME, July 9 — Against this backdrop of simmering tensions across the Middle East and Eastern Europe, the…
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Beyond Oil: Helium, Fertiliser and LNG Also Pass Through the Strait of Hormuz
MANAMA, July 9 — For communities across Asia that depend on imported energy, the Strait of Hormuz is…
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Crude Oil Nears $104 Again as Iran Tensions Threaten Gas, Grocery and Heating Costs
NEW YORK, July 9 — The shockwaves from a White House trade announcement five months ago are still…
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Hormuz Crisis Echoes 1973 Embargo as Asia Rethinks Energy Security
NEW YORK, July 9 — The mechanics of oil shocks and their effect on Wall Street follow a…
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Oil Heads for Sharpest Weekly Gain Since Mid-July as US-Iran Fighting Flares
SINGAPORE, July 8 — Crude oil prices climbed sharply today, with West Texas Intermediate crude rising above $[price]…
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Gas Prices Jump 43 Cents in a Week as Iran Strikes Send Oil Soaring
WASHINGTON, July 8 — The math on oil prices and inflation is straightforward, but the consequences ripple through…
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IMF Expects Global Oil Inventories to Fall to Five-Year Low by July
SINGAPORE, July 8 — Global oil inventories are sitting at their lowest level in five years, a fact…
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Why Oil Rose Only About 3% When Iran Declared the Strait of Hormuz Closed
MANILA, July 8 — For communities across Asia that rely on stable energy prices to keep their economies…
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Iran War Shuts Strait of Hormuz and Pushes Oil to $119 a Barrel
LONDON, July 8 — For all the noise around the geopolitics of the Persian Gulf, the salient point…
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