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Amid Trump's 'Drill Baby, Drill' Pledge, Strategist Predicts US Oil Supply Will See 'Marginal' Increase: 'Does The World Need That Much Oil?'
Monday, November 25, 2024 - 10:10am | 736Read More...Amid Donald Trump‘s recent pledge to boost U.S. oil production significantly, questions arise about the necessity and impact of such a move. Vikas Dwivedi, a global energy strategist at Macquarie Group, has expressed skepticism regarding the need for an additional 3 million...
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Oil For Arms? Russia's Direct Oil Shipments To North Korea Defy UN Sanctions: Report
Tuesday, March 26, 2024 - 2:22am | 766Read More...Russia has reportedly begun supplying oil directly to North Korea, a move that flouts existing United Nations sanctions. What Happened: In a bold move undermining UN sanctions, Russia has commenced direct oil deliveries to North Korea, with at least five North Korean tankers collecting oil products...
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Latest Rebound In Oil Prices Is Getting Help From An Unexpected Source
Tuesday, June 7, 2016 - 1:52pm | 249Read More...The price of oil traded solidly above the $50 per barrel mark on Tuesday due to various factors, including a disruption in supply from several oil producing nations such as Libya, Canada and Venezuela, a weaker U.S. dollar and... auto sales data out of India? According to the Wall Street Journal,...
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Oil Hits A Fresh 6-Month High: Now What?
Monday, May 16, 2016 - 10:41am | 258Read More...Oil prices moved higher by more than 2 percent Monday as investors and traders reacted to reports that supply disruptions in Canada and Nigeria helped push oil production below consumption levels for the first time in two years. Meanwhile, analysts at Goldman Sachs who developed a reputation as...
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Asian, European Stocks Mixed Following Chinese Economic Data; Canada's Wildfire Impacts Oil
Thursday, May 5, 2016 - 7:43am | 364Read More...Asian stocks were mixed on Thursday after the Chinese government reported its services activity expanded in April, although at a slower pace when compared to March. The Caixin China services purchasing managers index fell to 51.8 in April from 52.2 in March. A reading above 50 indicates...
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Oil Prices Falling After Saudis Say They Can Increase Supply
Friday, June 12, 2015 - 9:50am | 609Read More...Brent crude was trading 32 cents lower at $64.79 a barrel at 11:00 GMT, while U.S. light crude was lower by 53 cents at $60.24. The move lower is being attributed to reports that Saudi Arabia is believed to be in talks with Indian buyers to supply additional crude. Reuters noted that the talks...
