Time to say 'the F-words'? A fossil fuel fight takes center stage at the COP28 climate summit
A fight over the future of fossil fuels has been thrust into the global spotlight at the COP28 climate summit.
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Dark’ tanker oil transfers rise further with suspected sanctioned trades
Shadowy oil transfers at sea with tankers switching off their transponders to hide their location continued to rise in the third quarter with increased activities suspected to be linked to...
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China likely to increase LSFO imports for Dec bunker supply
With China’s tighter-than-usual supply of low sulfur fuel oil expected to extend into December and as domestic refineries scale down production volumes, market players are likely to source...
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Greek oil tankers are avoiding Russia after getting a stern letter from the US
Greek ships are now starting to avoid Russia, thanks to a a sternly-worded letter from the US Treasury. The volume of Greek-owned oil tankers headed to Russia is set to drop 25% this month,...
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Surging LNG Exports Expose The U.S. To Natural Gas Price Swings
Soaring U.S. LNG exports have made natural gas a global commodity and the United States vulnerable to global price volatility. As American exports of liquefied natural gas are set to grow...
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US drillers add oil and gas rigs for third week in a row – Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig...
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Investors flock to US natural gas ETF despite price slump
Investors have been piling into an exchange-traded fund (ETF) designed to track U.S. natural gas prices, in spite of the commodity’s dismal performance in 2023. The U.S. Natural Gas Fund’s...
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Saudi Arabia’s Plan to ‘Artificially’ Boost Oil Demand
As much of the world accelerates its plans for decarbonization, developing its renewable energy capacity to shift away from fossil fuels, it is becoming apparent that many major oil players...
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Venezuela's Maduro Holds Referendum Whether To Invade Oil-Rich Neighbor Guyana
In a move that has prompted many to wonder which is the bigger banana republic, Venezuela or the US, Joe Biden's new BFF, Venezuelan dictator Nicolas Maduro (who has promised to export a few...
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IMF chief makes the case for carbon pricing as 'writing on the wall' for oil and gas
The head of the International Monetary Fund on Sunday underlined the case for carbon pricing at the COP28 climate summit.
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US lays out plan at COP 28 to slash greenhouse gas methane from oil and gas
By Nichola Groom and Valerie Volcovici DUBAI (Reuters) -The Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releases of methane,...
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Case for gold fever: NewEdge Wealth sees record rush intensifying
"It's been a pretty strong performance for gold — especially when there is a rally in the stock market in November," NewEdge Wealth's Ben Emons said.
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Oil prices fall more than 2% as investors skeptical of OPEC+ cuts
By Nicole Jao NEW YORK (Reuters) -Oil prices slumped more than 2% on Friday on investor skepticism about the depth of OPEC+ supply cuts and concern about sluggish global manufacturing...
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Oil prices in 6th weekly side as bears sharpen claws after OPEC+ cuts fall short
Investing.com -- Oil prices fell for a sixth-straight week Friday, as voluntary output cut agreements from major oil producers that fell short expectations continued to keep worries about...
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US imposes fresh sanctions over shipment of Russian oil above price cap
By Daphne Psaledakis and Timothy Gardner WASHINGTON (Reuters) - The United States on Friday imposed additional sanctions related to the price cap on Russian oil, targeting three entities...
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Gold prices steady after strong November gains, Powell in focus
Investing.com-- Gold prices steadied near a seven-month high on Friday, pausing their recent rally amid anticipation of more cues on U.S. interest rates from Federal Reserve Chair Jerome...
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Oil falls over 2% after OPEC+ cuts fall short of expectations
By Laura Sanicola (Reuters) -Oil prices fell by more than 2% on Thursday after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market...
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Oil prices settle lower as OPEC+ voluntary cut agreements underwhelm
Investing.com -- Oil prices settled lower Thursday as OPEC+ members agreed to make additional voluntary production cuts that fell short of estimates amid signs of ongoing divisions among...
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Gold prices pause near 7-mth high with PCE inflation data in focus
Investing.com-- Gold prices fell slightly on Thursday as a recent rally in the yellow metal appeared to have paused, as markets awaited more cues on U.S. monetary policy from a key inflation...
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Oil prices gain near 2% on expectations of deeper OPEC+ cuts
By Shariq Khan BENGALURU (Reuters) - Oil prices rose more than $1 a barrel on Wednesday as investors focused their attention on expectations of fresh supply cuts from OPEC+ and looked past...
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Oil prices settle higher after supply disruptions; OPEC+ meeting eyed
Investing.com-- Oil prices rose sharply Wednesday, shrugging off unexpected increase in U.S crude stockpiles amid further supply disruptions just a day ahead of an OPEC+ meeting to decide on...
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Gold prices race to near 7-mth high on dovish Fed speak
Investing.com-- Gold prices rose in Asian trade on Wednesday, reaching a near seven-month high as a string of dovish signals from Federal Reserve officials ramped up bets on an early pivot...
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Oil Inventories Fall by 817,000 Barrels Last Week: API
Investing.com -- U.S. crude inventory fell by less than expected last week, the API reported Tuesday, though snapped a four-week streak of gains just as optimism grows for further production...
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Oil prices settle higher amid dent in dollar, potential OPEC+ output cuts
Investing.com -- Oil prices rose Tuesday as a weaker dollar and optimism that major oil producers could extend ongoing production cuts at the OPEC+ meeting later this week boosted...
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Oil settles up 2%; focus on OPEC+, storm-hit Kazakh output
By Stephanie Kelly NEW YORK (Reuters) -Oil prices jumped on Tuesday, settling up about 2% on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil...
