Recession worry seems to be reigning in oil markets right now, but the risk of an oil shortage is also still growing
Spain Withdraws From European Energy Treaty Over Climate ConcernsFrance Sends Germany Natural Gas To Ease Its Energy CrisisEurope’s Fuel Supply Fears Worsen As Major Refinery MalfunctionsBlackRock Is Ready To Invest In U.S.
Energy PipelinesOil Falls After API Reports Large Crude Inventory BuildPutin Suggests Creation Of European Gas Hub In TurkeyOPEC Raised Oil Production In September But Remained Below TargetPutin Claims Russia Could Send Natural Gas To Europe Via Nord Stream 2China's Oil Imports Climbed In September But Remained Below 2021 LevelsBiden Says Saudi Arabia Will Face Consequences For OPEC+ DecisionFrench Refinery Strikes Worsen As France Moves To Call Back Essential WorkersResearchers Develop...
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Saudi Arabia Expresses Its “Total Rejection” Of U.S. Statements About OPEC+ | OilPrice.comA day after President Biden said Saudi Arabia would face consequences for the OPEC+ decision, Saudi Arabia announced its total rejection of the statement
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Europe’s Fuel Supply Fears Worsen As Major Refinery Malfunctions | OilPrice.comThe biggest refinery in Europe, Shell’s Pernis in the Netherlands, suffered a malfunction late on Wednesday, which could exacerbate an already worsening fuel supply situation in northwest Europe due to the strikes in France.
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Oil Jumps Despite Major Crude Inventory Build | OilPrice.comCrude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 9.9 million barrels for the week to October 7, but the move lower didn't last long.
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NOPEC Bill Won’t Bring Oil Prices Down | OilPrice.comThe Biden Administration’s efforts to keep OPEC+ from cutting production once again have failed, and despite the anger in Washington, a NOPEC bill might not be productive for the U.S.
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Dealmaking In U.S. Oil Is Slowly Starting To Recover | OilPrice.comDealmaking in the U.S. patch picked up steam in Q3 2022, with energy intelligence firm Enverus stating that total M&A action amounted to $16 billion in that quarter
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