CATEGORY
Energy
Crude Build Ends Oil Gains
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The American Petroleum Institute (API) has reported a 1.174-million-barrel build in U.S. crude inventories, compared to the previous week's 5.521-million-barrel draw.
Analysts were expecting an...
Guyana’s Sweet Crude Boom Challenges Nigeria, OPEC+
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Guyana, a former British colony of less than one million people, is now a major South American oil producer and global petroleum exporter, which...
Crude Oil Theft: Reps To Investigate NNPC, NIMASA, NIWA Activities
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The House of Representatives ad hoc committee investigating crude oil theft has insisted on the appearance of the group chief executive officers of the...
UK Drivers ‘Shocked’ by Surging Fuel Prices
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UK drivers have been hit by rocketing fuel prices which saw their sharpest monthly increase in 23 years last month amid surging global oil...
Russia Ships First Crude Oil Cargo To Brazil
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Russia—after suffering Western oil embargos and price caps on its oil and oil products, has shipped its first crude oil cargo to Brazil in...
Sierra Leone Suffers Electricity Blackouts Over $40M Debt
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Turkey’s Karpowership has switched off electricity supply to Sierra Leone's capital city Freetown over an outstanding debt of some $40 million, the energy minister...
Gas Prices Jump as Chevron LNG Workers Begin Strike
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Liquefied natural gas (LNG) workers at Chevron Corp. sites in Australia began strikes on Friday after talks failed to reach an agreement in a...
OPEC Supply Cuts Boost Oil Prices
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A slew of bullish and bearish factors have battled for dominance in the oil market this year as OPEC+ efforts to tighten the market...
Strong U.S Crude Investments May Affect Oil Prices
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The American Petroleum Institute (API) has reported a large 5.521-million-barrel draw in U.S. crude inventories, on top of the previous week's 11.486-million-barrel draw.
Analysts were...
Chevron Australia Gas Strike Delayed As Talks Continue
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A strike planned to start at two major liquefied natural gas (LNG) facilities in Australia has been delayed as talks between Chevron and unions...