OPEC
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Commodity markets continue to plunge with Fed rate hike
Price decline in precious metals become steeper after Federal Reserve’s decision Commodity markets continued last week to plunge with the…
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Oil down over lingering demand fears from Chinese lockdown
Home to over 28 million people, Shanghai will be locked down for eight days Oil prices fell on Monday as…
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Global oil output rises by 960,000 barrels per day in February
OPEC forecast remains unchanged for global oil demand in 2022, with growth of 4.2 million barrels per day, due to…
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UAE favors raising oil production: Envoy
Oil prices drop following ambassador’s statement The United Arab Emirates (UAE) favors an increase in oil production and will encourage…
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Brent oil hits over $106 due to uncertainties ahead of OPEC+ meeting
Fear of supply disruptions from new sanctions against Russia, as well as counter-sanctions by Russia, drives prices up Brent prices…
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JPMorgan says oil prices may hit $125 per barrel in 2nd quarter
‘Oil prices likely to overshoot to $125 a barrel on widening spare capacity risk premium,’ financial services firm says JPMorgan…
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Oil price rises on growing geopolitical tensions and tight supply
Experts say if geopolitical tensions increase further, major oil price escalation can be expected Oil prices increased on Tuesday amid…
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Oil prices reach 7-year-high over Mideast tensions, supply woes
Production by some members of OPEC+ group falls short of monthly targets, raising prices further Oil prices climbed to their…
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Saudi Arabia surpasses Russia as top OPEC+ producer
Analysis by Energy Intelligence show output levels of two major oil producers have been equal since April 2020 Saudi Arabia…
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OPEC+ sticks to existing production policy for February
Next meeting of OPEC and non-OPEC members is scheduled for Feb. 2 The world’s biggest oil producers on Tuesday decided…
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