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The Latest Breaking News from Bjarne Schieldrop

Angola Departure A Blow For OPEC+ As Cartel Tensions Rise

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

International Business Times

Oil prices climb as Mideast tensions increase

Oil prices climb as Mideast tensions increase

Israeli Defense Minister Yoav Gallant told troops gathered at the Gaza border that they would soon see the Palestinian enclave 'from inside.'

How will the Israel-Hamas war affect oil prices and the global economy?

How will the Israel-Hamas war affect oil prices and the global economy?

Economists are examining how the conflict could escalate as they plan for the next big global shock

The Guardian - UK

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Oil hits $95 per barrel; CBI postpones annual meeting amid ‘cashflow challenges’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits 10-month high and CBI puts annual meeting on hold amid financial woes

The Guardian - UK

How Russia will benefit from fresh oil production cuts

London (AFP) - The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia.

OPEC+ agrees bigger output boost amid Russian isolation

Vienna (AFP) - Major oil producers led by Saudi Arabia and Russia agreed on Thursday to open the taps wider than expected amid soaring prices and hard on the heels of an EU ban on Russian oil imports.

OPEC backs bigger output boost amid Russian isolation

Vienna (AFP) - Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring prices and hard on the heels of an EU ban on Russian oil imports.

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OPEC debates oil output boost amid Russian isolation

OPEC debates oil output boost amid Russian isolation

Vienna (AFP) - Major oil producers led by Saudi Arabia and Russia began talks Thursday on whether to adjust output, hard on the heels of an EU ban on Russian oil imports.

European, US stocks rise on hopes for Ukraine peace talks

European, US stocks rise on hopes for Ukraine peace talks

New York (AFP) - European and US stocks rallied while oil prices retreated on Tuesday as apparent progress in peace talks between Moscow and Kyiv fueled hopes of an end to the Ukraine conflict.

Oil prices sink, stocks surge on Ukraine hopes after talks

Oil prices sink, stocks surge on Ukraine hopes after talks

London (AFP) - World oil prices dived and European and US stocks rallied on Tuesday as apparent progress in peace talks between Moscow and Kyiv sparked hope of an end to the Ukraine conflict.

Oil prices sink, stocks surge on Ukraine talks 'progress'

Oil prices sink, stocks surge on Ukraine talks 'progress'

London (AFP) - World oil prices dived and European stocks rallied on Tuesday as apparent progress in peace talks between Moscow and Kyiv sparked hope of an end to the Ukraine conflict.

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