Latest News for: Organic petroleum

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Oil extends losses on easing Middle East tension, demand concerns

CyprusMail 18 Apr 2024
Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries, according to Reuters data, and an easing of its conflict with Israel would reduce the potential for supply disruptions ... ....
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Ecuador President Noboa Shuts Down Nation on Electricity Crisis

Time 18 Apr 2024
Read More. Ecuador in Turmoil After ‘Most WantedCriminal Escapes Prison. What to Know ... “It was too little too late,” said Rene Ortiz, a former energy minister as well as secretary general of the Organization of the Petroleum Exporting Countries ... .
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Oil recovers from 3-week low after US imposes sanctions on Venezuela, Iran; Brent at $87/bbl

Live Mint 18 Apr 2024
Iran is the third largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC).-Earlier in the day, Iran had said it could review its nuclear doctrine in response to ...
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Bank of America issues $130 oil warning

Russia Today 18 Apr 2024
It added that US crude oil could soar to $123 ... According to the International Energy Agency (IEA), Iran, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), produces about 3.2m barrels of oil a day ... .
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Lawmaker proposes discounted fuel sales for public transport sector

Sun Star 18 Apr 2024
Rep. Joel R ... Last Tuesday, April 16, oil companies implemented a minimal price hike ... Abad said the Organization of Petroleum Exporting Countries has also implemented a production cut of 2.2 million barrels per day, affecting the global oil supply.
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Kingdom Ramps Up Oil Output as Global Prices Reach New Heights

The Arabian Post 17 Apr 2024
The production increase coincided with a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to maintain existing production quotas in early April.
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PEDEVCO Provides Update on New Permian Basin Wells

ACCESSWIRE 17 Apr 2024
However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks and uncertainties, including the volatility of oil and natural gas ...
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Fuel pump prices continue to go up

The Manila Times 16 Apr 2024
The Department of Energy's Oil Industry Management Bureau (DOE-OIMB) attributed the price increase to the decision of the Organization of the Petroleum Exporting Countries (OPEC) to cut crude oil ...
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Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the proxy war with Israel?

Live Mint 16 Apr 2024
... to a higher geopolitical risk premium amid supply concerns.Iran is the third largest producer in the Organization of the Petroleum Exporting Countries (OPEC) cartel--led by oil kingpin Saudi Arabia.
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The world is failing to take financial measures against Iran's terror threat

The Hill 16 Apr 2024
Despite sanctions that prohibit participation in the trade of Iranian oil or petroleum products refined in Iran because proceeds directly benefit the IRGC and other terror organizations, the U.S.
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Oil prices decline as risk premium eases following Iran attack; brent crude at $89.64/bbl

Live Mint 15 Apr 2024
Oil prices subdued, energy security concerns escalate on West Asia tensionsIran, a significant member of the Organization of the Petroleum Exporting Countries (OPEC), produces over 3 million barrels per day (bpd) of crude oil.
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How the Israel-Iran conflict could send oil prices higher

CNN 15 Apr 2024
“Any significant disruption would have a huge impact on global oil supplies and oil prices as a result.” Iran is a big producer and member of the Organization of the Petroleum Exporting Countries but ...
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Oil prices subdued, energy security concerns escalate on West Asia tensions

Live Mint 15 Apr 2024
... the Petroleum Exporting Countries (Opec).'The sustained output curbs by Opec+ mean that non-Opec+ producers, led by the Americas, are expected to continue driving world oil supply growth through 2025.
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Transport group seeks P2 fare hike

Sun Star 15 Apr 2024
The report said Altodap lamented the recent significant hike in fuel prices ... Students ... “I disagree with it ... Abad also highlighted that the Organization of Petroleum Exporting Countries has implemented a production cut of 2.2 million barrels per day.
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5 biggest concerns around Iran-Israel tensions that could impact Indian stock market

Live Mint 15 Apr 2024
Stock market crash today ... Downgrades due to the crude shockIran is the third-largest producer of crude oil within OPEC (Organization of the Petroleum Exporting Countries) ... It puts pressure on its currency, and negatively impacts foreign capital inflow.
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