Tag: energy
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Ukraine faces ‘toughest winter’ since Russia’s full-scale invasion, UN warns
A senior UN official tells the BBC there is a race against the clock to ensure access to power and water through winter.
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Saudi Arabia shut down East-West crude oil pipeline after multiple attacks
Iran-allied Houthi militants in Yemen have escalated strikes on Saudi Arabia this week.
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The inside story on the historic U.S.-Venezuela oil deal and how it will work
CNBC was one of just a handful of news organizations allowed to travel to Caracas with the U.S. secretary of energy.
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$6 diesel should benefit Tesla’s trucking ambitions, Morgan Stanley says
“$6 Diesel…Enter Tesla Semi,” the investment bank’s Andrew Percoco told clients in a Friday note.
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Japan signs first LNG emergency supply deal with Malaysia’s Petronas
TOKYO, Sept 11 : Japan signed its first deal to procure liquefied natural gas in an emergency with Malaysia’s Petronas, Japan’s industry ministry said on Friday, adding the country would seek similar agreements with other countries.The master sales and purchase agreement would enable Petronas to deliver LNG
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IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The energy agency warned shrinking inventories and strained refineries could further tighten markets.
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Oil prices fall sharply after double-digit weekly gains above $100
The decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.
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Iran-backed Houthis seize key port in Yemen, advance on another vital oil choke point
The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
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U.S. diesel price tops $6 per gallon, a record high as Ukraine and Iran wars ripple through economy
U.S. diesel prices hit their highest level ever as fuel supply disruption stemming from the Ukraine and Iran wars lifts transportation costs.
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ECB raises interest rates to fight off inflation jump
The European Central Bank raised borrowing costs and warned that inflation could remain high for an extended period. Energy markets and geopolitical tensions are still major concerns.
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