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Russian President Threatens to Halt All Gas to Europe If the EU Caps Prices

Vladimir Putin, the President of Russia, has warned against any attempt by the EU to control the price of Russian gas by threatening to fully stop flows and has hinted...
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OPEC Reverses Oil Production Increase for October 2022

The 32nd OPEC and non-OPEC Ministerial Meeting agreed that the current oil market has been impacted by volatility and a loss in liquidity, and the stability and effective operation of...
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APPO to Create an African Energy Fund to Finance Oil and Gas Projects – SG

The Secretary General of the African Petroleum Producers' Organization, Dr Omar Farouk Ibrahim, has said that the Organization, through the Africa Energy Investment Corporation, is in talks with the African...
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Germany Set For Gas Rationing After Suspension of Nord Stream 1 Pipeline

According to German gas importer, Uniper, the country does not completely rule out gas rationing in the wake of Russia's decision to permanently cease gas deliveries through the Nord Stream...
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EU Energy Ministers to Deliberate Natural Gas Price Cap

Energy ministers will discuss natural gas price ceilings as one strategy to tackle excessive energy prices around the European Union, according to Reuters. According to the publication, topics up for...
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OPEC Isn’t to Blame for Inflation – Al Ghais

Although OPEC is sometimes held up as the standard suspect when it comes to rising crude oil and gasoline prices, the organization is not to blame for the present inflationary...
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Russian Gas Exports Have Dropped 36% in 2022 – Gazprom

In response to a sharp decline in deliveries to Europe, Russia's gas giant, Gazprom, reported on Tuesday that its natural gas exports fell 36.2% to 78.5 billion cubic metres between...
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Oil Prices Dropped 5% on Unanticipated Economic Data from China

On Monday, the price of WTI and Brent crude dropped by more than 5% as China's central bank lowered lending rates to boost demand after July economic statistics turned negative...
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Saudi’s Aramco Records Record Net Profit for Q2 2022

Due to higher oil prices, Saudi Aramco announced a record net profit of $48.4 billion for the second quarter of the year, a 90% increase over the same period last...
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Turkey to Pay for Russian Gas with Ruble

Following a four-hour discussion, the presidents of Russia and Turkey, Vladimir Putin and Tayyip Erdogan, decided to strengthen their collaboration, according to a joint statement from the two countries. Deputy...
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