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Oil and Gas

Oil from “FSO Safer” supertanker decaying off Yemen’s coast finally being pumped onto another ship

by Walter Watson
Oil from “FSO Safer” supertanker decaying off Yemen’s coast finally being pumped onto another ship

Cairo — An international team began siphoning oil out of a decrepit oil tanker off the coast of Yemen on Tuesday, the United Nations chief said, a crucial step in …

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Jim Cramer’s top 10 things to watch in the stock market Monday

by Horatio Thompson
Jim Cramer’s top 10 things to watch in the stock market Monday

My top 10 things to watch Monday, July 24 1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results , while extending the contract of CEO Mike Wirth. The United …

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Goldman Sachs expects ‘all time high’ oil demand will boost prices

by Walter Watson
Goldman Sachs expects ‘all time high’ oil demand will boost prices

Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Goldman Sachs expects record demand …

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Let’s talk about the Dow

by Walter Watson
Let’s talk about the Dow

Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. Michael M. Santiago | Getty Images News | …

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We want oil prices to come down, says U.S. energy secretary general

by Walter Watson
We want oil prices to come down, says U.S. energy secretary general

Volatility is still weighing on oil markets, U.S. Energy Secretary Jennifer Granholm said Saturday, reiterating calls for additional supplies. Asked to comment on the state of oil markets, she told …

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Oil markets to face ‘serious problems’ as demand rises: IEF

by Walter Watson
Oil markets to face ‘serious problems’ as demand rises: IEF

Oil prices are expected to increase in the second half of 2023, according to the International Energy Forum. Christopher Furlong | Getty Images News | Getty Images Oil prices are …

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India’s reliance on Russian oil may be ‘approaching a limit’

by Ron Morgan
India’s reliance on Russian oil may be ‘approaching a limit’

An oil refinery, operated by Bharat Petroleum Corp., in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images India’s ability to import more Russian oil may have hit a limit …

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Russia’s crude price exceeds G7 price cap as market braces for supply crunch

by Ron Morgan
Russia’s crude price exceeds G7 price cap as market braces for supply crunch

View of Russian oil port Novorossiysk. Алексей Облов | Moment | Getty Images Spot prices of Russia’s crude oil this week surpassed the $60-per-barrel threshold of the Group of Seven’s …

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How lower gas prices can help travelers save this summer

by Franz Hernandez
How lower gas prices can help travelers save this summer

swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year. …

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