OPEC+ Oil Supply Cuts May Push World Into Recession – IEA
A decision made by the OPEC+ oil producer group in the past week to rein in output has pushed up prices and may now send the global economy into a ...
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Tag: crude oil
White House Lifts Ban On Natural Gas Exports This Winter
The White House has lifted any ban or curbs on natural-gas exports this winter, in an attempt to help reduce energy shortages in Europe, according to two people closely engaged ...
Oil Prices Surge By Over $2 Per Barrel As OPEC+ Targets Massive Output Cut
The prices of oil jumped by more than $2 per barrel on October 3, pushed by expectations that oil cartel OPEC and its allies (OPEC+) would introduce a huge production ...
Gazprom Said Nord Stream 1 Reopening Hinges On Siemens Energy
Summary Gazprom says the ball is in Siemens Energy's court Siemens Energy: we do not comprehend Gazprom Siemens Energy: not contracted to do maintenance Germany considering energy rationing Russia: We'll ...
Oil Loses $6 Per Barrel On Demand Fears, Iraq Exports
Summary ECB should consider 75 bps rate rise for Sept. - Estonian policymaker Iraq's SOMO says oil exports unaffected by unrest Russia's Gazprom Neft aims to double oil output at ...
Oil Prices Drop 1.5% For The Week On Recession Fears
Summary Asian, European equities fall S. crude stockpiles decline OPEC chief optimistic on demand Oil prices were largely stable on August 19, reversing earlier losses, but were moving towards weekly ...
Oil Climbed On U.S. Crude Stocks Data, Short Supply Outlook
Summary S. crude stocks drop by over 7 million barrels Russian supply set to be highly curbed by EU sanctions Russia sees energy export revenue climbing nearly 40% Oil prices ...
Zelenskiy Urges Trader Vitol To Stop Shipping Russian ‘blood oil’
Kyiv asked the biggest independent oil trader to state when it will ship the final barrel and how much it will ship before that date. Volodymyr Zelenskiy, the Ukrainian president, ...
Europe’s Risk Of Recession Grows Amid Fears Russia May Turn Off Gas Supplies
Energy prices had already risen in the second half of last year but Russia’s invasion of Ukraine has aggravated this scenario. Europe faces an increasing risk of recession owing to ...
BP Acquires 40% Of US$30B Pilbara Renewable Energy Project
The company also plans to run the Asian Renewable Energy Hub, which intends to produce up to 26GW of wind and solar energy Global fossil fuel company British Petroleum (BP) ...