The agreement between Russia, Saudi Arabia and the US to cut oil output last year set an example of cooperation between countries, even when they
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Tag: OPEC
Gran Tierra Energy Inc. Announces 2020 Year-End Reserves and Operational Update
Achieved 100% 1P Reserves Replacement Added 8.3 MMBOE of 1P Reserves Realized 1P Finding and Development Costs of $2.65/boe 1P and 2P Net Asset Value
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Futures Movers: Oil prices mixed as traders weigh risks to crude supplies and demand
Oil futures traded on a mixed note on Tuesday, with U.S. benchmark prices trading slightly lower but global benchmark Brent crude moving up, as traders
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Saudi Arabia is on the brink of losing control of oil markets
Saudi Arabia is tackling a deepening deficit, an international green transition drive that seeks to make its main export commodity obsolete and a number of
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Oil supply cuts in Iraq and Libya nudge prices higher
By Saket Sundria and Alex Longley on 1/25/2021 (Bloomberg) –Oil in New York inched higher with investors assessing the impact of supply curbs from Iraq
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Targa Resources Corp. to Participate in U.S. Capital Advisors Midstream Conference
HOUSTON, Jan. 25, 2021 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that representatives from the Company will participate
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Iraq to pare February oil production to balance OPEC+ overages
By Khalid Al-Ansary on 1/24/2021 (Bloomberg) –Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last
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Biden’s fiscal and climate priorities may support oil prices, says Goldman Sachs
By Andres Guerra Luz and Saket Sundria on 1/24/2021 (Bloomberg) –Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market
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Libya may boost oil production after fixing leaky pipeline to its biggest port
Libya has begun pumping crude to its biggest port again a week after it was forced to shut down a worn-out pipeline due to a
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Iran boosts oil production to pre-sanction levels
By Yasna Haghdoost and Arsalan Shahla on 1/22/2021 (Bloomberg) – Iran has started ramping up its oil production and expects to reach pre-sanctions levels in
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