Oil prices dropped on Tuesday amid expectations that major producers may agree to increase oil supplies at their meeting this week, as …
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When the world economy stepped on the brakes last year, there was a rush to store crude oil and petroleum products whose …
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Energy | PetroleumNews
Prices are at a year high, OPEC adheres to oil policy
by BUNKERISTby BUNKERISTOil has risen from historic levels that fell last year as the outbreak hit demand as the Organization of Petroleum Exporting Countries …
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Energy | PetroleumNews
WTI at the highest level since 2019 with the resumption of production
by BUNKERISTby BUNKERISTOil prices were mixed on Thursday, with U.S. crude oil reaching its highest close since 2019, as Texas refineries resumed production following …
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Energy | PetroleumNews
Oil soars after the freezing cold and the drop in U.S. production
by BUNKERISTby BUNKERISTOil prices surged to a 13-month high on Wednesday after deep cold cut production and reduced crude oil production last week, according …
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Energy | PetroleumNews
Oil prices soar as U.S. production back to full capacity
by BUNKERISTby BUNKERISTOil prices jumped more than $ 1 on Tuesday. Prices have been supported by optimism about the launch of COVID-19 vaccines and …
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Oil prices soared on Monday with the return of the US crude oil cut, demand recovering from the depths of the COVID-19 …
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Energy | PetroleumNews
Extreme cold weather continues to affect US refineries and oil market
by BUNKERISTby BUNKERISTWith oil prices falling as 2% in early trade on Friday, it will take time for refineries to resume their operations following …
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Energy | PetroleumNews
Oil prices rise with concerns that cold weather could last for days
by BUNKERISTby BUNKERISTOil prices surged again on Thursday, reaching a 13-month high as concerns that the rare seen cold weather in Texas could cut …
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Oil prices approached 13-month highs on Tuesday and were bolstered by cold weather shutting down Texas wells and oil refineries in the …