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OPEC FIGHTS
Iraq projects oil production to return to pre-war levels within two monthsIraq anticipates a swift return to pre-war oil production levels within two months, following a recent US-Iran deal that eased the Strait o...- Oil prices fall on mounting hopes for de-escalation in US-Iran WarOil prices declined Friday as traders perceived a reduced likelihood of renewed conflict between the US and Iran. Despite this, both Brent ...
- Oil little changed on uncertainty over US-Iran peace dealOil prices saw little change on Friday after a significant drop. Hopes for an early end to the U.S.-Israeli conflict with Iran have faded. ...
- The Ukraine war is changing. European allies' strategy must change tooUkraine's war effort has shifted, with drones dominating the battlefield and blunting Russia's advantages. While Russia faces higher casual...
- Peace deal hopes fade after Trump rejects 'garbage' Iran proposalHopes for an Iran peace deal have dimmed as President Trump stated a ceasefire is "on life support" following Tehran's rejection of a U.S. ...
- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...
- Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150?Crude oil prices surged to near $115 per barrel, the highest since June 2022, driven by escalating Iran conflict tensions and supply risks....
- Brent hits one-month high over concerns about prolonged Hormuz disruptionOil prices rose nearly 3% on Wednesday, with the Brent contract hitting a one-month high, on media reports the U.S. will extend its blockad...
- Oil Price Today (April 29): Crude oil crosses $110, extends gain for 8th straight session. Here’s whyOil prices continued their rally for an eighth consecutive day, driven by reports of a potential extended U.S. blockade of Iranian ports. T...
- US stock market today: Why is Nasdaq crashing big today? Dow and S&P 500 slip as Nasdaq plunges over 300 points - Nvidia, AMD, Intel lead tech lossesUS stock market today: Nasdaq crashing big today as Dow Jones and S&P 500 also slip. The US stock market today shows a sharp shift. The Nas...
- OPEC+ hikes oil production quotas, issues warningOPEC+ will boost oil production by 206,000 barrels daily from May. The cartel warns that repairing damaged energy facilities from conflicts...
- 5 big promises made at annual UN climate talks and what has happened sinceNegotiators are debating how fast fossil fuels should be reduced and how a major transition to green energy would be paid for, raising the ...
- Saudi Arabia to supply more oxygen, containers to IndiaLast month, Saudi Arabia shipped 80 tonnes of liquid oxygen to India and now three more containers with 60 tonnes of oxygen and another 100...
- Oil hits highest since March on vaccine and Biden transitionBrent crude rose $1.16, or 2.5%, to $47.22 a barrel by 1445 GMT and hit a session peak of $47.23, its highest since March 6. U.S. West Texa...
- Oil falls as possible OPEC+ supply boost, COVID-19 spike weigh on sentimentBrent crude futures for December dropped 22 cents, or 0.5%, to $42.94 a barrel by 0154 GMT, while U.S. West Texas Intermediate (WTI) crude ...
- Commerce, trade, travel going to grind to a halt globally: Vandana HariAll hell has broken loose. The oil market was already in ICU, says Vanda Insights Founder.
- Oil steadies as market focuses on supply risksBrent crude futures lost 2 cents to $71.16 a barrel by 10:52 a.m. EDT (1452 GMT). U.S. West Texas Intermediate (WTI) crude futures rose 12 ...
- Oil edges lower, supply concerns check lossesUS West Texas Intermediate (WTI) crude futures were at $63.60 per barrel
- Oil hits 5-month high on Opec cuts, US sanctions and Libya fightingBrent futures were at $70.70 per barrel at 1343 GMT, up 36 cents or 0.5 percent from their last close.
- OPEC oil output hits six-month low in December on LibyaOPEC's oil supply fell by 270,000 barrels per day (bpd) in December to a six-month low as fighting cut Libyan output.
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