Global Economy
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Iran Denies Dropping Hormuz Preconditions After New York Talks Push Brent Below $100
MUMBAI — For Indian businesses and consumers, the price of crude oil is the number that matters most.…
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UNCTAD Warns Hormuz Disruption Could Raise Food and Living Costs Worldwide
For millions of families across the Philippines and Southeast Asia, the confusion surrounding the latest US-Iran talks is…
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Hormuz Closure Pushes Oil to $119 a Barrel as Gulf Storage Fills Up
The crisis in the Strait of Hormuz did not start at sea. It started in the ground, decades…
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Six Decades of the Oil Cartel: OPEC After the UAE Walks Out
VIENNA, July 9 — The Organization of the Petroleum Exporting Countries, a bloc that has shaped global energy…
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Attack on Two Tankers Near Basra Kills One and Halts Iraq’s Oil Export Terminals
Two oil tankers are on fire in Iraqi waters after being struck by an unknown attacker on March…
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One Sixth Gone: How Ukrainian Drone Waves Broke Russia’s Fuel Market
LONDON, July 7 — The shift is subtle but real. For two years, Ukrainian drone strikes have been…
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Iran Votes to Close Strait of Hormuz, Threatening Global Oil Supply
On June 22, 2025, Iran’s parliament voted to close the Strait of Hormuz, a narrow passage that handles…
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OPEC Nations Hold 79.5% of World’s Proven Oil Reserves
The Organization of the Petroleum Exporting Countries functions as an intergovernmental cartel that brings together leading oil‑producing and…
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Glencore’s 60% Zinc Market Grip Ripples Through Global Economy
A single statistic from 2010 underscores the outsized influence of Glencore plc: the Swiss-based commodity trader controls 60%…
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How Western Sanctions Have Reshaped Global Energy Markets Since 2014
BRUSSELS, July 16 — The shift is almost a decade in the making, and it keeps accelerating. International…
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PETRONAS and Phoenix Petroleum Sign MoU for Downstream Marketing Collaboration in Philippines
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU).…
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Crude oil prices stay muted in 1H amid altered oil flows tracking Ukraine war
The ongoing conflict in Ukraine has altered crude oil flows, affecting lives and communities globally. As the war…
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OPEC+ Holds 2M bpd Cut as Russia Rejects G7 $60 Cap
Moscow, December 6, 2022 — cybernewschronicle.com — Russia has a new problem. It is not just the European…
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Oil prices rise as OPEC+ maintains output cuts, China eases COVID rules
For millions of people around the world, the cost of filling up a car, heating a home, or…
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World Bank Warns Oil Spike Slashes Growth for Importers
China, March 9, 2022 — cybersentinelnews.com — Oil prices that have doubled since September will erase roughly one…
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World Bank: Oil Surge to Cut 1% Growth for 4 Nations
China, March 9, 2022 — cyberinktimes.com — The math is brutal and it lands on four countries already…
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Indonesia’s Budget Hit Hard by Plummeting Oil Prices Worldwide
JAKARTA — Finance Minister Sri Mulyani has delivered a stark assessment of the country’s fiscal outlook as global…
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