Oil And Gas
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Badenoch urges Burnham to reject net zero zealots, back North Sea drilling
DYCE, July 17 — Kemi Badenoch stood before a backdrop of helicopters at NHV Helicopters near Aberdeen yesterday…
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Badenoch Says Sturgeon Still Has Questions to Answer on Murrell
ABERDEEN, July 17 — For the workers who board helicopters at Dyce each morning, the flight out to…
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How the EU Cut Russian Gas From Over 150 to 36 Billion Cubic Metres
MOSCOW, July 15 — Russia’s position in the European energy sector has undergone a fundamental shift since the…
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George Mitchell, Oilman Who Proved Shale Gas Could Pay After 17 Years of Trying
HOUSTON, July 14 — The figure that matters: $250 million. That is what George P. Mitchell poured into…
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Strait of Hormuz: Why the Oil and Gas Chokepoint’s 2026 Closure Matters
DUBAI, July 13 — For decades, the Strait of Hormuz has been the world’s most important energy chokepoint,…
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Putin Admits Fuel Rationing as Ukrainian Strikes Hit Russian Refineries
MOSCOW, July 13 — The arithmetic of Russia’s war economy is becoming harder to balance. Oil and gas…
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Strait of Hormuz: geography, history and why Asia depends on it
MANAMA, July 13 — The Strait of Hormuz, a narrow waterway that connects the Persian Gulf to the…
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Drone Strikes on Baltic Ports Cut Russian Oil Exports by About $970 Million in a Week
MOSCOW, July 13 — Russia’s oil exports declined by 10% in 2024 compared to the previous year, according…
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US Says 17 Million Barrels Crossed Hormuz as Ship Tracking Shows Far Fewer Vessels
MANAMA, July 13 — The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the wider…
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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 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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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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Peak Oil Demand? The Energy Transition and the Future of Petroleum
ROME, July 9 — The shift is here. For decades, the theory of peak oil meant the moment…
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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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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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Saudi Arabia Reroutes Oil Through Desert Pipeline After Hormuz Closure
MANAMA, July 8 — The Strait of Hormuz remains the world’s most critical oil transit chokepoint, a narrow…
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Ukrainian Drones Hit Russia’s Omsk Refinery a Second Time After July Shutdown
MOSCOW, July 7 — When a Ukrainian drone struck the Omsk Refinery on August 26, 2024, the shockwaves…
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How Oil Grew From One Pennsylvania Well Into a Force in the Global Economy
WASHINGTON, July 7 — The story of petroleum is one of discovery, power, and profound economic consequence. For…
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Ukraine Strikes Omsk Refinery, Russia’s Largest, 2,500 km From the Border
OMSK, July 7 — The Omsk Oil Refinery, Russia’s largest crude processing facility, has become a recurring target…
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Ukrainian Drone Strike Halts Omsk Refinery, Russia’s Largest, Industry Sources Say
OMSK, Siberia — The idea that Siberia’s vastness offered a natural shield from conflict is quietly slipping away.…
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Russia’s Novak Oversees Energy Infrastructure as Deputy PM
MOSCOW, July 7 — The shift is subtle but unmistakable in Russia’s energy command structure. Alexander Novak, the…
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Ukrainian Drones Hit Gazprom Neft’s Omsk Refinery, 2,500 Kilometers From the Border
SAINT PETERSBURG, July 7 — Gazprom Neft, Russia’s third-largest oil producer and a subsidiary of the state-controlled gas…
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