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The oil market is under pressure this year as OPEC+ members have rapidly ramped up production after years of output cuts. Investors are also pricing in lower geopolitical risk on a possible peace ...

Oil prices extended losses on Tuesday, hovering near their lowest level since 2021 as renewed optimism over Russia-Ukraine peace talks and prospects of a widening surplus weighed on markets. In ...

Russian crude prices are at their lowest since the war in Ukraine began, as sanctions deepen the discounts the nation’s oil industry needs to offer and benchmark futures tumble. On average, Russian ...

PARIS – Russia’s oil export revenues dropped in November to their lowest monthly level since Moscow invaded Ukraine in 2022, the International Energy Agency (IEA) said on Dec 11. Russia is the world’s ...

Nigeria's state oil company NNPC hit an oil production level of 355,000 barrels per day earlier this month, its highest since 1989. This upbeat news came a few weeks days after the company — which the ...

Imports rise 4.88% y/y in November, up 5.24% from October Daily import volumes reach highest level since August 2023 Imports from Saudi Arabia, Iran rise from October, Russian imports fall - Kpler ...

The company wrote on X that Iran’s exports had reached a seven-year high despite the reimposition of United Nations sanctions against Tehran in late September. The surge in shipments comes as U.S. and ...

Crude oil dropped to $60.12, testing the 20-day average, with a close below $60.23 eyeing $59.72. Crude oil slid to a low of $60.12 on Tuesday, testing the 20-day moving average as sellers held ...

The shift toward American oil comes as India faces tighter sanctions on Russian energy giants like Rosneft and Lukoil. (Image: Reuters) In what can be seen as an effort to ease tensions with the Trump ...

Crude tankers are once again firing on all cylinders, with freight rates surging across all segments as oil in transit reaches its highest level in more than five years. According to data from Vortexa ...