Economy

Oil prices fall on expectations of normalization of the situation in the Suez Canal

Oil prices fall on expectations of normalization of the situation in the Suez Canal

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Oil prices fall on expectations of normalization of the situation in the Suez Canal
Last week, the oil market experienced high volatility amid the news about the blocking of the Suez Canal, which is an important transport route, including for oil tankers

Economy

The price of oil for the first time since January 2020 exceeded $65 per barrel

The price of oil for the first time since January 2020 exceeded $65 per barrel

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The price of oil for the first time since January 2020 exceeded $65 per barrel
Global oil prices continue to rise after reaching 13-month highs. The price of a barrel of Brent for the first time since January 2020 exceeded $65 per barrel

Economy

The US Department of Energy allows the price of Brent oil to rise to $173 by 2050

The US Department of Energy allows the price of Brent oil to rise to $173 by 2050

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The US Department of Energy allows the price of Brent oil to rise to $173 by 2050
The US Department of Energy has published an annual energy forecast with different options for oil price growth

Economy

Russia and Saudi Arabia reach a compromise on oil production

Russia and Saudi Arabia reach a compromise on oil production

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Russia and Saudi Arabia reach a compromise on oil production
Representatives of Russia and Saudi Arabia managed to reach a compromise on oil production. Moscow and Riyadh had decided to maintain the current production level in February and were planning...

World News

Asia ordered an armada from tankers with American oil

Asia ordered an armada from tankers with American oil

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Asia ordered an armada from tankers with American oil
Asian countries, including China and South Korea, are awaiting the arrival of an armada of about 20 tankers loaded with American oil in December 2020

Economy

American oil company becomes the market leader

American oil company becomes the market leader

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American oil company becomes the market leader
Chevron has become the most valuable American oil company for the first time in 30 years. At the close of trading, it was valued at $142.03 billion

Economy

Conflict in Karabakh called “useless” for oil

Conflict in Karabakh called “useless” for oil

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Conflict in Karabakh called “useless” for oil
Analysts interviewed by CNBC called the armed conflict in Nagorno-Karabakh between Armenia and Azerbaijan “useless” for oil and gas prices