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Asia Stocks Firm, Dollar Sags with US Yields on Fed Cut Bets

Tokyo, August 15 – Asian markets showed resilience on Thursday, buoyed by positive data and expectations for changes in U.S. monetary policy. The dollar...

Iraq Signs Contracts to Develop 13 Exploration Blocks, Oil and Gas Fields

Iraq has secured preliminary agreements for the development of 13 oil and gas exploration blocks and fields, as announced by the country's oil ministry...

Oil Prices Steady as Economic Fears Outweigh Geopolitics

Oil prices remained relatively stable, with Brent crude North Sea oil slightly up by USD 0.15 to USD 79.91/bbl, and WTI rising by USD...

Oil Prices Rise Amid Middle East Tensions and U.S. Crude Stockpile Decline

Oil prices edged higher on Wednesday as market participants responded to a notable drop in U.S. crude and gasoline inventories, coupled with growing concerns...

What Happens If You Heat Up Crude Oil?

Crude oil, a fundamental component of the global energy infrastructure, undergoes various processes to transform it into usable products such as gasoline, diesel, and...

How Do You Refine Oil to Gasoline?

The transformation of crude oil into gasoline is a complex and multi-step process that involves various stages of refinement and chemical manipulation. This process...

Why is Crude Oil Not Used as a Fuel?

Crude oil, a fossil fuel composed of hydrocarbons and other organic compounds, is a critical resource in the global energy landscape. While it serves...

How Long Does It Take to Produce Gasoline from Crude Oil?

Gasoline is an essential fuel that powers millions of vehicles around the world. However, many people might not fully understand the intricate process involved...

S&P 500 and Nasdaq Edge Up as Stock Market Stabilizes

On Monday, the S&P 500 and Nasdaq Composite posted modest gains as the U.S. stock market found stability after last week's turbulence. The Nasdaq...

Oil Prices Dip After Five-Day Rally Amid Middle East Tensions and OPEC Forecasts

Oil prices declined after a five-day rally, as concerns over escalating tensions in the Middle East were balanced by signs of weakening global demand...

Oil and Gold Prices Surge Amid Rising Middle East Tensions

Crude oil and gold prices have surged due to escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. This...

Edo Refinery Cries Out Over Non-Supply of Crude Oil to Start Production

The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised concerns over the lack of crude...

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