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Oil & Gas
Exxon, Chevron to Spend Billions More on Oil Projects Next Year
The two largest U.S. oil companies - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) - disclosed plans to increase outlays on energy projects next year amid h
Oil & Gas
Oil Prices Drop to Below $80 for First Time Since January on Recession Fears
US Energy Information Administration expects global oil inventories to fall by 200,000 barrels per day in the first half of 2023.
Oil & Gas
Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low
Saudi OSPs to Asia hit 10-month low amid slowing physical demand.
Energy Economy
Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro
Oil & Gas
Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors
Saudi Arabian officials are denying the news that OPEC is considering a 500,000 bpd output hike.
Policy & Regulation
EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials
The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU'
Oil & Gas
European Refiners Oversupplied as Oil Shortage Fears Subside
European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.
Oil & Gas
Iraq Wants Stable Energy Prices, Prime Minister Says
Iraq is keen to maintain stable oil prices at not more than $100 per barrel, Prime Minister Mohammed Shia al-Sudani told reporters on Saturday.
Oil & Gas
High Oil Prices Ignite the Middle Eastern IPO Market
Initial public offerings in the Middle East have flourished this year thanks to higher prices that have seen increased investor interest in the region.
Oil & Gas
IEA's Birol Says $100 Oil 'Real Risk' for Economy
The head of the International Energy Agency (IEA) said on Wednesday oil prices "flirting with $100" were a real risk for the global economy.
Oil & Gas
European Commission Says Gas Price Cap Is Impossible
The European Commission told countries at a Monday seminar this week that there was no way to create a gas price cap as previously requested by EU leaders.
Oil & Gas
Euro Could Stay Below Dollar for as Long as Natural Gas Prices Remain High
The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly.
Oil & Gas
Saudi Arabia Cuts Oil Prices for Asia
Saudi Arabia has lowered its official selling prices for oil for all its Asian clients, with the flagship Arab Light for December delivery now priced $0.40 lowe
Oil & Gas
Why Overly Confident U.S. Drillers Ditched Their Hedges
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Energy Economy
BP Looking at Billions in Buybacks for Q4
British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.
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