Tag: oil
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Will Venezuela’s oil sector reform attract investors?
After the US ousted Maduro and effectively seized control of Venezuela’s oil industry, the country’s economy has been transitioning rapidly. The interim government is wooing investors but lacks democratic backing.
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India news: FM blasts Europe criticism of buying Russian oil
Defending India’s energy ties with Moscow at a conference in Helsinki, India’s foreign minister S Jaishankar said the US asked India to buy Russian oil. Also, a fire in Delhi killed three. DW has the latest.
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Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
LONDON, June 12 : Oil prices fell over 4 per cent on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent futures were down $3.81, or 4.22 per cent, at
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Trump claims deal to end Iran war near as Tehran says ‘nothing’ finalised
The US president says a “great settlement” to end the conflict has been reached. Iran says reports of a deal are “speculative”.
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Oil extends losses as Trump calls off planned strikes on Iran
(Corrects paragraph 2 to say prices fell, not rose)June 12 : Oil prices fell on Friday, extending losses from the previous session after U.S. President Donald Trump canceled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent fut
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US slaps sanctions on Cuba’s oil and gas company as tensions rise
Cuba is already struggling under a decades-old embargo and a lack of petroleum as the US keeps pushing for a change in its economic and political model.
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Japan secures stable crude supplies through March 2028, PM Takaichi says
TOKYO, June 11 : Japan has secured stable oil supplies through the end of March 2028 despite the Iran war through a combination of alternative crude imports and stockpile releases, Prime Minister Sanae Takaichi said on Thursday, extending the country’s previous supply outlook by around one year.Japan has no p
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Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes
June 11 : Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional strikes against Iran.Brent futures rose $2.30, or 2.47 per cent, to $95.40 a barrel, while U.S. West Texas Intermediate (WTI) crude climb
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Oil rises nearly 1% as US launches new strikes against Iran, supply tightens
June 10 : Oil prices climbed about 1 per cent on Wednesday, moving away from a seven-week low touched in the previous session, after the U.S. military launched new strikes against Iran and as market data showed another large draw in U.S. crude stocks. The U.S. military’s strikes on Iranian targets followed a
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