Global Markets
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Oil Hits Two-Week High as Hormuz Stays Shut and US Lets Russian Waiver Lapse
GENEVA, July 25 — The US Treasury issued a 60-day waiver on sanctions covering Iranian oil exports on…
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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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Brent Crude Hits $123 a Barrel as Hormuz Disruption Squeezes Global Supply
LONDON, July 10 — Against the backdrop of escalating trade tensions between Washington and Moscow, the global oil…
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Ukraine’s Drone Campaign Reaches Russia’s Largest Refinery in Siberia
MOSCOW, July 7 — A strike on the Omsk refinery has introduced a new variable into Russia’s domestic…
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Chalmers Warns Iran Ceasefire Breakdown Threatens Growth and Inflation
SINGAPORE, July 8 — The global petroleum market is holding its breath, watching a narrow stretch of water…
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Strait of Hormuz Threats Raise Global Oil Price Fears
MUSCAT, July 9 — For decades, the Strait of Hormuz has functioned as a kind of global energy…
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QatarEnergy LNG Dominates Global Market with Vast Natural Gas Reserves
QatarEnergy LNG’s seven operating projects – designated N1 through N4, plus RL1, RL2 and RL3 – sit on…
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Indonesia Raises Fuel Prices Amid Soaring Energy Subsidy Costs Suddenly
In an unexpected move, the Indonesian government has announced that it can no longer afford to maintain the…
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Russia Demands Ruble Payment for Natural Gas Exports Abroad Suddenly
European utilities and energy traders are confronting a difficult ultimatum: secure Russian rubles for gas payments or face…
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Saudi Arabia Vows to Maintain Oil Production Amid Rising Tensions
On 14 January 2020, Saudi Energy Minister Prince Abdulaziz bin Salman told delegates at the International Petroleum Technology…
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