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How Oil Could Go To $100 Per Barrel

By Steven Kopits In its February Short Term Energy Outlook (STEO), the EIA forecasts this month's world oil consumption at 96.7 million barrels per day (mbpd)....

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Oil Prices: OPEC+ Cuts Rollover Depresses Already Weak Oil Tanker Market

By Charles Kennedy Oil tanker owners and shipbrokers are set to suffer longer than expected from the massive OPEC+ production cuts after the coalition surprised...

Business

Oil Flirts With $70 After The OPEC+ Surprise

Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online. Oil skyrocketed on Thursday after...

Business

Oil Hits 14-month High After OPEC+ Extends Output Cuts

Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase...

Business

Saudi Arabia And Russia Head For Another Clash On OPEC+ Oil Cuts Today!

By Tsvetana Paraskova The leaders of the OPEC+ alliance, Saudi Arabia and Russia, are reportedly once again at odds over oil supply management ahead of...

Business

OPEC+ Compliance With Oil Production Cuts Jumps To 103%

By Tsvetana Paraskova The OPEC+ group of producers complied at 103 percent with the oil output cuts in January, higher than the estimated compliance in...

Business

5 Million Solar Installations, Mass Housing Underway Nationwide, Says Presidency

By Akanimo Kufre (The New Diplomat's A/Ibom|C/River Correspondent) Nigeria’s prompt exit from recession is a key indicator of the success of the ongoing Economic Sustainability...

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