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Business
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Economy
5/22/2025 2:32:17 PM
Equities and oil prices slid Thursday on concerns over the US economy as President Donald Trump tries to push through fresh tax cuts that risks sending the country's deficit ballooning further.
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Business
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Energy
5/21/2025 2:46:21 PM
Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.
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World
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Region
5/15/2025 2:45:41 PM
US President Donald Trump said Thursday a deal was close on Iran's nuclear programme that would avoid military action, sending oil prices tumbling.
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Business
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Economy
5/15/2025 12:01:45 PM
Oil prices sank Thursday on hopes for an Iran nuclear breakthrough after Donald Trump said a deal was "getting close" and US media reported Tehran had indicated it could be open to curbs on its atomic program.
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World
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War in Ukraine
5/14/2025 11:26:43 AM
The EU on Wednesday approved a fresh package of sanctions on Russia, clamping down on its "shadow" oil fleet, as Europe threatens further punishment if Moscow does not agree to a Ukraine truce.
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World
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Region
5/12/2025 5:47:41 PM
Syria’s new president, Ahmed Al-Sharaa, is reportedly pitching a postwar recovery plan that includes a Trump Tower in Damascus, rapprochement with Israel, and US access to Syrian oil and gas, according to Reuters.
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World
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War in Sudan
5/11/2025 8:57:58 PM
Sudan's army-aligned government has told energy firms to prepare to stop handling crude oil from South Sudan, which relies on its neighbor for exports, after attacks on key facilities, according to a letter seen by AFP.
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Business
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Economy
5/5/2025 11:46:36 AM
Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.
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Egypt
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Society
5/4/2025 2:35:56 PM
Egyptian authorities have launched an emergency containment and cleanup operation following the detection of an oil spill off the South Sinai coast between Abu Rudeis and Sharm El-Sheikh.
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World
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Africa
5/3/2025 8:27:22 PM
Gen. Brice Oligui Nguema was sworn in as the fourth president of the Republic of Gabon on Saturday, signalling a return to constitutional order in the country after nearly two years of political transition following the 2023 military coup in this Central African country known for its oil wealth.
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World
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Region
5/2/2025 6:16:26 PM
Iran said Friday that continued US sanctions on its trade partners will not alter its policy, after President Donald Trump threatened to penalise countries or individuals dealing in Iranian oil.
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World
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International
4/26/2025 8:33:11 PM
British environmental activist group Just Stop Oil held its final demonstration in London on Saturday, ending three years of high-profile climate protest stunts as they moved their focus away from civil disobedience.
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World
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Region
4/23/2025 12:15:49 PM
Iran's foreign ministry on Wednesday condemned new US sanctions targeting its oil network, calling the move a sign of Washington's "hostile approach" ahead of a third round of nuclear talks.
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World
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Region
4/18/2025 3:34:00 PM
US strikes on a Yemeni fuel port killed at least 74 people and wounded more than 170, making it the deadliest attack on Yemen in Washington’s intensified month-long air attacks.
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Business
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Markets & Companies
4/9/2025 4:48:49 PM
Wall Street rose but European and Asian stock markets tumbled along with oil on Wednesday as President Donald Trump's trade war cranked up a notch.
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Business
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Economy
4/7/2025 3:30:53 PM
Middle East stock markets tumbled as they struggled with the dual hit of the new U.S. tariffs and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending.
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World
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International
3/21/2025 4:04:14 PM
Germany said Friday it is holding an ageing oil tanker that it labelled part of Russia's sanctions-breaching "shadow fleet" after the vessel lost engine power in January.
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Egypt
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Urban & Transport
3/10/2025 2:35:45 PM
The Suez Canal Authority (SCA) has successfully towed a Greek-flagged tanker carrying over 150,000 tons of crude oil after a Houthi attack in the Red Sea damaged it, SCA said in a statement on Monday.
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World
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Africa
3/5/2025 1:47:19 PM
South Sudan troops have arrested the oil minister and deputy head of the armed forces, both allies of Vice-President Riek Machar, as fears grew on Wednesday for the country's fragile peace agreement.
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Business
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Economy
3/4/2025 3:26:00 PM
The non-oil private sector continued to show resilience in February, with the Purchasing Managers' Index (PMI) report released by S&P Global on Tuesday revealing a slight improvement in business conditions for the second consecutive month.
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