oil
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Oil hits highest since 2014 on Russia-Ukraine escalation | The Express Tribune
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[ad_1] LONDON: Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are pushing prices to near $100 a barrel. The United States and its European allies are poised to announce new sanctions against…
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Oil rises as tight market looks to Russian-Western diplomacy | The Express Tribune
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[ad_1] LONDON: Oil prices rose on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that have kept oil prices near $100 a barrel. Brent crude futures were up $0.41, or 0.4%, at $93.95 a barrel at 1225 GMT. US West Texas Intermediate (WTI) crude futures rose $0.49,…
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Canadian govt to stop funding oil pipeline | The Express Tribune
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[ad_1] CALGARY: Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion). Trans Mountain Corp (TMC) also delayed the finishing date of the expansion by a further nine months, dealing…
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Surging oil prices add to worries of frazzled investors | The Express Tribune
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[ad_1] NEW YORK: A US stock market, already on edge from a hawkish Federal Reserve and a conflict between Russia and Ukraine, now has another worry ie higher oil prices. US crude prices stand at around $91 a barrel after surging some 40% since December 1 and earlier this week touched their highest level since…
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OPEC+ may bring Iran into oil supply deal | The Express Tribune
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[ad_1] LONDON: OPEC+ will work to integrate Iran into its oil supply-limiting accord should agreement be reached on reviving its nuclear deal with world powers, sources close to the group said, seeking to avoid market share competition that could hit prices. A successful outcome to the talks could lift US sanctions on Iran’s exports, according…
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Oil heads for weekly fall on Iranian oil hopes | The Express Tribune
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[ad_1] LONDON: Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis. Brent crude futures fell $1.54, or 1.6%, to $91.43 a barrel by 1236 GMT, extending a 1.9% drop from the previous…
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Oil slides 2% as Iran talks overshadow Ukraine crisis | The Express Tribune
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[ad_1] NEW YORK: Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages which could unlock more crude supplies, but losses were limited by heightened tensions between top energy exporter Russia and the West over Ukraine. “(The) oil market is locked in a tug of…
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Oil prices recoup losses | The Express Tribune
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[ad_1] LONDON: Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand. Brent crude was up $1.37, or 1.5%, at $94.65 a barrel around 1200 GMT, having slid 3.3% overnight after Russia announced a partial…
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Oil transporters announce protest | The Express Tribune
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[ad_1] KARACHI: Petroleum transporters have announced that they will hold a peaceful protest and sit-in outside the headquarters of a state-owned oil marketing company from Wednesday onwards and threatened to cut fuel supplies across the nation. “We have given call for an indefinite peaceful protest,” All Pakistan Oil Tankers Owners Association (APOTOA) spokesman Israr Ahmed…
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Oil drops from 7-year high | The Express Tribune
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[ad_1] Oil dropped from a seven-year high to around $94 a barrel on Tuesday, pressured by a report that some troops in Russia’s military districts adjacent to Ukraine are returning to bases, a move that could de-escalate tension between Moscow and the West. Russia’s Interfax news agency cited the defence ministry as saying that while…
