Oil
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Oil prices rise as OPEC+ maintains output cuts and China eases COVID-19 restrictions
China, December 6, 2022 — cyberinktimes.com — For millions of people around the world, the cost of filling…
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OPEC+ maintains output cuts as China eases COVID restrictions, oil prices rise
China, December 6, 2022 — cybersentinelnews.com — In a move with significant political and diplomatic implications, OPEC+ nations,…
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OPEC+ Shaves 100,000 Bpd Off October Supply Target
OPEC+ ministers meeting in Vienna on 5 September 2022 agreed to shave 100,000 barrels per day off their…
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Indonesia Raises Subsidized Fuel Prices by 30 Percent
On Saturday, 3 September, Indonesia implemented a roughly 30 percent increase in subsidised fuel prices, breaking an eight-year…
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Congress votes to suspend Russia’s trade status, enact an oil ban
Congress voted overwhelmingly on April 8, 2022, to suspend normal trade relations with Russia and ban imports of…
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Poland to End Russian Oil Imports by Year’s End Amid Tensions
WARSAW, Poland — Poland has declared it will halt all purchases of Russian crude oil by December 31,…
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How the 2022 Supply Shock Sent Food and Energy Prices Soaring
ROME, July 15 — Four years after the Russian invasion of Ukraine sent shockwaves through global commodity markets,…
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Putin wants ‘unfriendly countries’ to pay rubles for gas.
MOSCOW Russia: President Vladimir Putin announced that Russia will demand that “unfriendly? countries pay for Russian natural gas…
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High Energy Costs Trigger Unrest Across Europe
On March 19, 2022, high energy costs triggered unrest in parts of Europe, particularly in Spain, France, and…
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Biden Bans Russian Oil as US Gas Hits Record $4.17
At $4.17 a gallon, the national average for regular gasoline hit a record on March 8, 2022. That…
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Deepwater Horizon’s Toll: Record $5.5 Billion Penalty and Lasting Damage
WASHINGTON, July 14 — The petroleum industry’s environmental footprint is written into the geological record, the regulatory landscape,…
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Indonesia to Boost Crude Imports Amid Low Global Oil Prices
Indonesia has announced plans to increase its crude oil imports following a dramatic drop in global prices. Brent…
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Oil price plunges as Saudi Arabia retaliates with Russia
The prices of oil fell sharply on Monday following Saudi Arabia’s launch of price war against Russia which…
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Saudi Price War Triggers 22% Oil Plunge in Single Day
Brent crude lost more than a fifth of its value in a single day. That is not a…
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OPEC Holds Emergency Meeting on Coronavirus Oil Threat
Vienna, February 4, 2020 — infopulsetoday.com — The global oil market is staring at a demand collapse that…
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OPEC Rushes Emergency Meeting as Virus Threatens Oil Markets
The Organization of the Petroleum Exporting Countries, together with its ally Russia, has rescheduled its next gathering to…
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OPEC advances meeting to discuss oil price cuts amid coronavirus
Originally scheduled in March, the Organization of the Petroleum Exporting Countries and its allies decided to convene earlier…
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Saudi Minister Pledges 9M+ Barrels Daily Output
Saudi Arabia, January 14, 2020 — cyberinktimes.com — Prince Abdulaziz bin Salman stood before the International Petroleum Technology…
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Saudi maintains stable oil supply amid growing tensions
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said they are taking significant measures to sustain oil market…
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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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Iran Missiles Hit Iraq Bases, Oil Surges 4.5%
Iraq, January 8, 2020 — infopulsetoday.com — Iran’s ballistic missiles slammed into two Iraqi bases hosting American troops…
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Prices of crude oil soar after Iran’s missile attacks on US forces
The prices of crude oil increased to $65.65 equivalent to 4.5% per barrel in Asian trade while global…
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Oil Prices Surge After Soleimani Killing, Strait Concerns
The spike in oil prices after the killing of Iranian General Qasem Soleimani was felt first at the…
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Venezuela’s Oil Collapse Was Made at Home, Not by Markets, Study Finds
CARACAS, July 12 — The figure that matters: 200%. That is the inflation rate the International Monetary Fund…
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