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News

Iraq is trying to significantly accelerate the oil field development which it shares with Iran
Analysts predict that due to the drone attack on two oil refineries in Saudi Arabia, the oil prices may rise significantly
The position of Donald Trump to ease sanctions against Iran led to a significant drop in oil prices. In three hours, Brent crude oil lost 3.74 percent
According to the Wall Street Journal, oil will be drilled on the territory of the National Arctic Reserve
On August, 28, the U.S. Department of Energy reported a reduction in crude oil inventories
U.S. sanctions against Iran and Venezuela led to an increase in demand for Russian crude oil.
Oil prices continue to decline because of anxiety about a recession in the U.S. that may negatively affect demand.
Saudi Arabia reduced oil exports to the United States and began selling more oil to the Chinese because of China’s huge demand
Iranian Vice President called on China and other countries to buy more Iranian oil.
According to the US Treasury, restrictive measures concern Zhuhai Zhenrong Company Limited and its CEO, Li Yimin
The personnel had to be evacuated from offshore production platforms because of the storm danger in the Gulf of Mexico. As a result, oil and gas production by the U.S. companies in the Gulf of Mexico has shrunk by more than 30 percent.