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8 OPEC+ Members Extend Voluntary Oil Output Cuts by One Month
VIENNA: Eight member countries of the OPEC+ oil-producing group announced on Sunday that they will extend their voluntary output cuts by one month, continuing...
Why Is Canadian Oil So Cheap?
Understanding the dynamics of oil pricing is essential for grasping the complexities of the global energy market. Canadian oil, particularly from Alberta’s oil sands,...
How Do You Add Crude Oil to MT4?
MetaTrader 4 (MT4) is one of the most popular trading platforms used by retail traders globally. While it is known primarily for Forex trading,...
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What Does Brent Stand For?
Brent crude oil is one of the most significant benchmarks in the global oil market, widely recognized...
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Which Crude Oil is the Best in the World?
Crude oil is a vital commodity in the global economy, powering industries, fueling transportation, and serving as...
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Does OPEC Use Brent or WTI?
The Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global oil market,...
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Oil slumps to near 8-month low as recession drags on
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International crude oil futures plummeted, oil prices returned to the level before the war between Russia and Ukraine, and WTI crude oil hit a...
Germany accelerates import of chemical products
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Germany is increasingly importing important chemicals from abroad as German industrial giants such as BASF grapple with a surge in energy prices caused by...
Iraq suspends crude oil supply to Jordan
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On September 11, according to Jordanian media reports, the Jordanian energy minister said that the supply of crude oil from Iraq to Jordan has...
German Chancellor Scholz: Germany is ready for Russia to cut gas supply
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German Chancellor Scholz issued a statement on the 10th local time, saying that if Russia completely stops natural gas supplies, Germany and Europe are...
Crude oil supply risk intensifies again! EIA cuts U.S. oil output forecast for next year
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It was learned that the U.S. Energy Information Administration (EIA) released its monthly report on Wednesday (September 7) Eastern Time, lowering its annual oil...
EIA crude oil inventories unexpectedly increased sharply, US oil bottomed out and rebounded in the short-term
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Data released by the U.S. EIA showed that the U.S. commercial crude oil inventories excluding strategic reserves in the week ended September 2 greatly...
September 9 US crude oil trading strategy: rebound as scheduled after oversold, be wary of returning to the decline
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The number of U.S. jobless claims fell to a three-month low, and global stock markets generally rebounded, driving a rebound in oil prices. In...
The latest news of international oil prices: overnight market news and data summary
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International market: At the close of eastern time on Wednesday (September 7), international crude oil closed down, of which WTI crude oil futures closed...
How Fed Rate Hikes Affect Oil
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U.S. dollar rises as U.S. Federal Reserve raises interest rates, oil prices fall. The Fed raises interest rates to promote the appreciation of the...
European energy crisis brews steel giant ArcelorMittal to close two German plants
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ArcelorMittal, one of the world's largest steel manufacturers, announced on September 2, local time, that it will close a blast furnace in Bremen, northern...
Indian refinery capacity utilization exceeds 100% in July
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India's crude oil output fell 3.8% in July compared with a year earlier, as private companies and state-owned oil and gas companies (ONGC) pumped...
LONGi Green Energy: Demand in the photovoltaic industry grew rapidly in the first half of the year
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On the evening of August 24, LONGi Green Energy disclosed its 2022 semi-annual report. In the first half of the year, the company achieved...