A recent study conducted by the Board of Governors of the Federal Reserve System suggests that the Organization of the…
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Divergent Views on Oil Demand Growth: IEA Adjusts 2024 Forecast While OPEC Stays Optimistic
by Krystalby KrystalIn a notable departure from the optimism expressed by the Organization of the Petroleum Exporting Countries (OPEC), the International Energy…
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Introduction: The Strategic Petroleum Reserve (SPR) is a critical component of the United States’ energy security strategy. The SPR is…
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The Organization of the Petroleum Exporting Countries and its allies are gearing up to determine whether to extend oil supply…
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Oil Prices Inch Upward as U.S. Federal Reserve Hints at Possible Interest Rate Cuts
by Krystalby KrystalOil prices experienced a modest increase on Thursday, February 1, propelled by signals from the U.S. Federal Reserve indicating a…
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In a recent survey conducted by Reuters, it has been revealed that OPEC (Organization of the Petroleum Exporting Countries) witnessed…
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Marathon Petroleum (MPC) Surpasses Analyst Forecasts with Q4 Profits Driven by OPEC’s Production Cuts
by Krystalby KrystalIn a surprising turn of events, Ohio-based oil refiner Marathon Petroleum (MPC) has announced that its fourth-quarter profits for 2023…
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Petrol is an essential fuel for vehicles, providing the energy required to power the engine. However, not all petrol is…
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Oil prices witnessed fluctuations on Tuesday, January 23, retracting some of the gains from the preceding day as traders assessed…
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According to data released by the International Energy Agency (IEA), the collective oil revenues of the 13 member countries of…