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War in Ukraine
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Economy
5/5/2022 12:25:40 PM
OPEC and allied oil-producing countries, including Russia, are weighing conflicting forces Thursday as they decide how much crude should flow to volatile global markets. Europe's proposal to phase out Russian oil and other Western sanctions are choking back supply, while COVID-19 shutdowns in China are cutting demand.
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World
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Region
4/2/2022 12:23:38 PM
Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia's invasion of Ukraine, the oil ministry said.
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Business
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Energy
3/31/2022 8:38:56 PM
The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output increase on Thursday, ignoring Western pressure to significantly boost production as the Ukraine conflict has rocked prices.
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War in Ukraine
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Economy
3/31/2022 1:55:38 PM
The OPEC group of oil-producing countries and its Russia-led allies were expected Thursday to again ignore Western pressure to significantly boost production as the Ukraine conflict has rocked prices.
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Business
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Economy
3/28/2022 2:09:04 PM
The United Arab Emirates' energy minister doubled down Monday on an oil alliance with Russia that's helped buoy crude prices to their highest in years as Moscow's war on Ukraine rattles markets and sends energy and commodity prices soaring.
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War in Ukraine
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Economy
3/10/2022 12:13:30 PM
The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it would urge the oil cartel to boost output.
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War in Ukraine
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Economy
3/9/2022 9:06:50 PM
The United Arab Emirates said Wednesday it would urge fellow states in the OPEC oil producers' cartel to boost output after prices surged following Russia's invasion of Ukraine.
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War in Ukraine
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Economy
3/3/2022 2:10:18 PM
European stocks slid and oil flirted with $120 per barrel Thursday as conflict raged in Ukraine.
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Business
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Energy
2/28/2022 2:15:39 PM
The OPEC+ cartel of top oil producers at their monthly meeting on Wednesday are likely to be powerless to rein in prices, which have soared above $100 after member Russia's invasion of Ukraine.
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World
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International
2/13/2022 11:49:41 AM
Soaring energy prices have brought massive profits to oil majors, along with fierce criticism from environmentalists and politicians at a time when consumers are left with rising bills.
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World
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International
2/2/2022 11:43:09 AM
Oil cartel OPEC and allied countries are deciding how much oil to feed into the global economy as crude prices hover near seven-year highs, spiking gasoline costs and fears of a Russian military move against Ukraine add to jitters over supply
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Al-Ahram Weekly
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Egypt
2/1/2022 10:44:10 PM
Oil prices have hit seven-year highs with expectations of further rises, reports Ahmed Kotb
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World
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Region
1/20/2022 9:28:15 AM
The head of Libya's national oil company said on Wednesday that his country is targeting an output of 1.2 million barrels of oil a day in 2022.
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Business
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Energy
1/4/2022 1:35:08 PM
Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.
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World
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Region
1/3/2022 6:40:59 PM
Top oil producing countries on Monday picked Kuwaiti oil executive Haitham al-Ghais as the next secretary general of the Organization of the Petroleum Exporting Countries (OPEC).
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World
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Region
12/28/2021 1:39:26 PM
A rocket and gunfire targeted the premises of a Chinese oil services company in southern Iraq at dawn on Tuesday, without causing any casualties or damage, officials said.
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Business
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Energy
11/30/2021 9:33:43 AM
OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country's taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation.
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Business
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Economy
11/2/2021 6:34:52 PM
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development have allocated a loan worth $200 million for the National Bank of Egypt (NBE) with the aim of supporting Egypt’s efforts to enhance the growth of investments across various infrastructure sectors, the bank announced.
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Business
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Energy
9/13/2021 4:07:09 PM
As economic activity ramps up OPEC expects global oil demand to grow by 4.2 million barrels per day (mbd) on average next year
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World
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Region
9/1/2021 6:48:58 PM
Oil prices were trading lower ahead of the meeting. The price of oil fell 1.6% to $67.40 per barrel on the New York Mercantile Exchange, while Brent crude, an international benchmark, fell 1.4% to $70.67 per barrel
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