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Oil Prices Decline Further As US Stocks Rise, Easing Supply Concerns

By Ken Afor As a result of a larger-than-anticipated build up in crude and gasoline stocks in the US, oil prices fell for a third...

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OPEC+ Cuts Offset By Booming U.S. Oil Production

U.S. oil production is predicted to hit 13 million bpd in September, matching the record output from November 2019. Major companies including Chevron...

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IEA: Global Oil Demand Will Peak Before The End Of The Decade

By Alex Kimani The Paris-based International Energy Agency (IEA) has predicted that global oil demand will peak before the end of the current decade as...

Energy

Oil Demand In Transport Sector May Drop By Up To 50% By 2050

By Alex Kimani The transportation sector is responsible for nearly 60% of global oil demand. BNEF: EVs are currently displacing only 1.5 million barrels...

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Russia’s Oil Production Jumps By 5% In June

Russia’s crude and condensate production has increased in June by 5% to an average of 10.7 million barrels per day (bpd), Russian daily Kommersant...

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