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Global prices drop after reports that Opec+ is ready to raise output despite weaker demand for fossil fuelsGlobal oil prices have tumbled by more than $1 a barrel in a sign that pressure on households at the petrol pumps could ease further.The price of…
ICBM Ear for the Week of January 23, 2025 Prepared by Peter Huessy, President of Geostrategic Analysis and Senior Fellow at the National Institute for Deterrent Studies Key Takeaways Significant Military Budget Increase in Russia: Russia’s defense spending will rise by 25% to 13.5 trillion rubles (~130 billion euros), continuing its high military expenditure trend. […]
ICBM EAR for 23 Jan 25 was originally published on Global Security Review.
Diesel up by more than 8p to 163p in September and petrol by 4.5p to 152p amid global oil production cutsThe price of diesel in the UK has shot up at one of its fastest rates in more than 20 years – while retailers have been accused of charging “unjust…
Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show Iranian oil prices rose by an average of $6.1 per barrel in August.
Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — announced they would extend output cuts by at least another three months.
Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up price to boost income from the fossil fuel.
Price gained more than 2% on Monday morning to touch one-month high of $78.73The price of Brent crude has risen after Saudi Arabia agreed to cut its output to firm up oil prices after a weekend of tense talks.Saudi ministers agreed to cut 1m barrels pe…
Saudi Arabia announced the decision to expand voluntary cuts to its crude oil output from July in a bid to help efforts to reinforce global oil prices. The rest of the OPEC+ oil producers have already agreed to extend earlier cuts in supply through th…
VIENNA (Reuters) — Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.
Saudi’s energy ministry said the country’s output would drop to 9 mill…
Reuters: Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024 VIENNA (Reuters) -Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost fl…