oil

The energy regulator is studying priority areas and customers who will be guaranteed electricity in the event of large gaps in gas supply in winter, from households and hospitals to pharmaceutical companies and paper…
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By Haris Fludopoulos US natural gas production rose 2.3% to 934.2 billion cubic meters in 2021, according to the 71st annual BP Statistical Review of World Energy, overtaking second-place Russia with total…
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Oil rebounded from Thursday's sell-off and erased intra-session losses to close in positive territory, with US crude jumping 2.5% and posting gains for the week. The black gold was coming off a 6-month run of…
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OPEC failed to meet its goal of increasing oil output promised under the deal with its allies, a Reuters survey showed, as production cuts in Libya and Nigeria offset rising supply from Saudi Arabia Arabia and other…
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Libya's National Oil Company (NOC) announced Thursday night losses of more than $3.5 billion due to the forced shutdown of major oil production facilities since mid-April and declared a state of "force majeure" in…
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Oil prices eased on Friday as lingering worries about a slowdown in demand weighed on sentiment, sending benchmarks on track for a third straight week of losses. Brent was down 20 cents, or 0.2%, at $108.83 a…
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An infrastructure project of epic proportions has begun construction in Uganda's Great Rift Valley. It is an oil pipeline of more than 1,400 kilometers (1,443) which will reach the coast of Tanzania. As The…
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The two-day OPEC + meeting ends today without a decision on boosting production, according to Reuters, citing sources. At the previous meeting in early June, OPEC + decided to increase its production by 648,000…
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Oil prices are on the rise after the morning drop in Asian trade, as concerns about the tightness of global supply offset the increase in gasoline stocks. Brent rose 63 cents, or 0.6 percent, to $ 113.08 a…
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Oil fell on a three-day slump on Wednesday as fears of a slowdown in the global economy and declining demand came as central banks tightened monetary policy. Earlier, crude oil prices temporarily rose, backed by…
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