Oil prices fall as the US-China trade war raises concerns over global economic growth and reduced fuel demand
Markets
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Shell lowers its LNG production forecast for the first quarter due to cyclones and unplanned maintenance, expecting output between 6.4-6.8 million tons
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Oil prices drop 6% following new tariffs and OPEC+ output increase, marking the steepest decline since 2022
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Australia’s mining and energy export earnings are projected to fall 6% in 2024 as iron ore prices dip and Chinese demand slows
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Oil prices rise as traders assess U.S. tariffs and tightening crude supplies, with concerns about the global economy
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Pemex pursues a diversification strategy for motor fuel and crude oil exports, following U.S. tariff threats against Venezuela oil trade
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Iraq plans to raise oil production to 6 million bpd by 2029, backed by a BP deal and OPEC+ commitment to global output reductions
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Kazakhstan’s oil minister was ousted after the country exceeded OPEC+ quotas, facing backlash for overproduction and defiance of production limits
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A Ryazan oil refinery explosion killed one worker and injured three during maintenance. Authorities are investigating the incident’s cause and impact
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Oil prices drop amid trade tensions and ceasefire uncertainty, with OPEC reporting rising crude output and markets facing concerns over global demand growth