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Oil Steady as Traders Ready for Possible Indian Halt of Russia Imports

Conventional Energy, Latest, Oil, Tri-Pinned / By

Summary Trump said India will halt Russian oil purchases India said its goals are to ensure stable energy prices, secure supply Bessent told Japan Finance Minister that US expects Japan to stop importing Russian energy The UK announced new sanctions targeting Russian oil (Reuters) – Oil prices were stable on Thursday as market traders prepared …

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OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More

CDN and International News, Conventional Energy, Latest, Oil, Tri-Pinned / By

Summary OPEC’s forecasts had pointed to tighter market in 2026 OPEC leaves demand forecasts unchanged for 2025, 2026 IEA, which sees big 2026 surplus, to update view on Tuesday (Reuters) – World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, …

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Oil Falls More Than 2% on US-China Trade Tensions and IEA Report

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent crude futures, WTI both fall 1.6% IEA raises its forecast for global oil supply growth this year IEA also lowers its demand growth forecast LONDON, Oct 14 (Reuters) – Oil prices fell by more than 2% on Tuesday as trade tensions flare between the U.S. and China, the world’s two biggest economies, and …

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Colonial Pipeline to Cut Jobs after Brookfield Takover, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Pipelines, Tri-Pinned / By

Summary Colonial informed employees of changes this week – statement Job cuts follow takeover of Colonial by asset manager Brookfield No operational impact from changes, Colonial says (Reuters) – The Colonial Pipeline Company, operator of the largest U.S. fuel transportation system, informed employees this week it is planning to cut some jobs, according to two …

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Oil Steady After Smaller-Than-Expected OPEC+ Output Hike

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent, WTI steady after settling 1% higher previously OPEC+ to hike November output by 137,000 bpd, less-than-expected Oversupply outlook weighs slightly on prices (Reuters) – Oil prices were steady on Tuesday as investors assessed a smaller-than-expected November output hike by OPEC+ against the backdrop of oversupply expectations. Brent crude futures fell 9 cents, or …

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Oil Prices Gain 1% After Lower-Than-Expected OPEC+ Output Hike

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Oil prices rose about 1% in early trade on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions. Brent crude futures rose 63 cents, or 1%, to $65.16 a barrel by 2310 GMT, while U.S. West Texas Intermediate crude was at $61.46, up 58 cents, …

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Oil Edges Lower for Fourth Day on Oversupply Concerns

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent, WTI extend falls, Brent traded earlier at the lowest level since June Expectations of OPEC+ output increase weighs on market US to give Ukraine intelligence for strikes on Russian energy infrastructure, officials say (Reuters) – Oil prices edged lower on Thursday, extending a run of declines into a fourth day due to concerns …

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Oil Pauses as Markets Assess OPEC+ Plans, Demand Concerns

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary OPEC+ may raise output by up to 500,000 bpd in November, sources say US crude stocks down 3.67 million barrels last week – API US EIA stocks data to be released as usual despite shutdown (Reuters) – Oil prices steadied on Wednesday after falling for two days as investors weighed OPEC+ plans for a …

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Oil Prices Slip as Kurdistan Resumes Crude Exports, OPEC+ Plans Output Hike

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Kurdistan crude flows to Turkey resumes after 2-1/2 year halt OPEC+ plans another oil output hike in November, sources say Russia pounds Ukraine in mass drone and missile attack (Reuters) – Oil prices dropped on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend, coupled with OPEC+ plans for …

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