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Energy

OPEC+ Now Sees Smaller Oil Market Deficit In Q4

...The OPEC+ group now expects the oil market to show a deficit of just 300,000 barrels per day (bpd) in the fourth quarter ...The lower...
Business

A Global Oil Shortage Is Inevitable

...While oil and gas companies come under pressure to reduce production, the world’s thirst for new supply is only growing ...Without a significant uptick...
Business

Oil Prices Could Explode As U.S.’ Largest Storage Hub Nears Empty

Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory - a stunning turn of events that...
Energy

Oil Prices Dip As China Considers Market Intervention

...The key trigger of the price retreat early on Wednesday came from China, where the National Development and Reform Commission (NDRC) said that the...
Energy

Biden Administration Begs OPEC For More Oil

...The Biden administration is not giving up on its attempts to convince OPEC that it needs to pump more oil ...White House Press Secretary Psaki:...
Economy

Oil Rallies To Fresh Multi-Year Highs

Oil prices rose early on Monday, extending Friday’s gains and hitting fresh multi-year highs “Over-compliance by the OPEC+ on output cuts have been helping crude...
Energy

Putin: $100 Oil Is “Quite Possible”

...It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian...
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