The global oil market is facing a turbulent period as the war in Ukraine has triggered an energy crisis that has disrupted trade flows and exposed the weakness of the…
OPEC+
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Oil prices dropped on Tuesday as investors weighed the uncertain outlook for global oil demand and the Fed’s stance on inflation. The decline came despite the announcement by Saudi Arabia…
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Oil prices rose on Monday after Saudi Arabia and Russia, the world’s two largest oil exporters, reaffirmed their commitment to extra voluntary oil supply cuts until the end of the…
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Oil prices rose sharply on Thursday, recovering from the previous day’s losses, as an OPEC+ panel decided to maintain its oil output cuts to support a tight supply situation amid…
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The OPEC+ group of oil-producing countries has decided to maintain its current output reduction strategy until the end of the year despite the global market rout that has sent oil…
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