Brent crude oil prices have dipped below the critical $72.06 mark, closing the latest daily session beneath it. This movement strengthens expectations for the continuation of the prevailing bearish trend,…
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PTSC Asia Pacific, a joint venture between Yinson Production (49%) and PetroVietnam Technical Services Corporation (PTSC; 51%), has signed a major contract with Murphy Cuu Long Bac Oil Co. Ltd.,…
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Volvo Group Australia has announced a significant step towards its 2030 emissions reduction targets, revealing plans to replace diesel with Hydro Treated Vegetable Oil (HVO) in all Volvo and Mack…
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Former President Donald Trump’s suggestion to impose a 25% tariff on Canadian and Mexican oil imports has ignited a firestorm of debate, with critics warning of dire consequences for the…
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As winter sets in, Europe’s natural gas markets are tightening, driving up the cost of liquefied natural gas (LNG) imports, with fears of a colder winter intensifying competition for global…
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Brazilian oil giant Petrobras, in partnership with Colombia’s state-run Ecopetrol, has unveiled the largest natural gas discovery in Colombia’s history. The Sirius-2 well, located in the Guajira Offshore Basin, has…
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In a recent meeting, OPEC+ decided to extend its oil output cuts, delaying the planned reversal of reductions until March 2025 and prolonging additional voluntary cuts until December 2026. The…
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Serbia anticipates reaching a swift agreement with Hungary on the construction of a new oil pipeline linked to the Druzhba system, Serbian Deputy Prime Minister Aleksandar Vulin announced in a…
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WTI crude oil continues to experience a phase of consolidation, with price action confined within a symmetrical triangle pattern on its hourly chart. The commodity is testing key support levels…
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Brent crude oil prices opened lower today, reaching the initial target of $72.06. Analysts suggest that a breach of this level could pave the way for further declines, with additional…