How Does The Oil Market Work?
The oil market is a complex and dynamic system that involves the production, refining, transportation, and ...
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Tag: oil market
Petrobras Ready To Remain As The Last Oil Producer Standing
Petrobras could be the last one remaining when it comes to crude oil production amid the ...
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Oil Climbed 1% On China Demand Hopes And Supply Concerns
Summary Trade volumes reduced due to U.S. holiday long weekend China ministry meets refiners on Russian ...
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Oil Surges As Market Weighs Russian Supply Cuts Amid Demand Concerns
Oil prices climbed higher on Monday, recovering from early losses, as investors weighed Russia's plans to ...
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Equinor Shares Rallied As Gas Bonanza Netted Record Profit
Summary Operating profit more than doubled to $74.9 bln Q4 $15.1 bln vs estimate $14.4 bln ...
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BP Earns Record Profit In 2022, Slows Shift From Oil
Summary BP hikes dividend by 10% in a sign of confidence To buyback more shares Boosts ...
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Venezuela’s PDVSA Toughens Oil Prepayment Terms
Venezuela's state oil firm PDVSA is tightening terms for buyers after a month-long suspension to most ...
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Mexico’s Pemex Dismantled Resources Worth $342M From Two Top Fields
Mexican state oil company Pemex illegally destroyed hydrocarbon resources worth over $342 million in the three ...
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Oil gained 3% On Hopes For Global Economy, Despite Unexpected U.S. Crude Accumulation
Oil prices soared 3% to a one-week high on Wednesday as expectations for an improved global ...
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Shell Energy Transition Sparked Talks To Sell Norway Business
Summary Shell, Harbour Energy held talks in late 2022 Talks included Norway, Italy, and several UK ...
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After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.