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Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
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Five Big Oil Companies Set To Reward Investors With Historic $100 Billion in 2023
The bumper payouts followed a year of record profits for big oil and gas companies after Russia's invasion of Ukraine upended global energy markets.
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Pakistan Airlines Cancels 26 Flights Amid Financial Crisis: Report
Pakistan International Airline (PIA) flights have been severely affected as Pakistan State Oil (PSO) stopped fuel supply to the national carrier over non-payment of dues to the company, Geo News reported on Monday.
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Opinion: For Oil, Its Not 1973 Again But It Could Still Turn Ugly
History doesn't repeat itself, but it often rhymes. On the eve of the 50th anniversary of the world's first oil crisis, the parallels between October 2023 and October 1973 are easy to draw: A surprise attack on Israel and oil prices rising.
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Big Oil Sued In US Over Climate Damages
Attorney Jeffrey B. Simon helped families affected by the opioid crisis obtain settlements worth more than $2.7 billion against leading pharmaceutical companies.
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"On The Brink Of Collapse": Pakistan Oil Industry's SOS Ahead Of IMF Meet
Oil companies in cash-strapped Pakistan have warned that the industry is on the "brink of collapse" as the dollar liquidity crisis persists and their cost of doing business balloons due to the rupee's devaluation.
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Russian Oil Price Cap Sanctions Could Threaten India's Oil Supplies: Report
India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.
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August Sunflower Oil Imports Up Nearly 90%; Russia, Argentina Major Suppliers
After the Ukraine crisis, Russia and Argentina have emerged as major suppliers of sunflower oil to India as imports of the cooking oil jumped 89.6 per cent to 1.35 lakh tonnes in August.
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Rupee Gains As Oil Prices Lowest Since February And Pullback In Dollar
The rupee strengthened sharply at open on Thursday, tracking a pullback in the dollar and oil below $90 per barrel for the first time since the start of the Ukraine crisis in late February.
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Oil Steadies At Below $90 For First Time Since Start Of Ukraine Crisis
Oil prices climbed on Thursday, paring some of their steep losses in the previous session.
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EU Presidency To Convene 'Urgent' Talks To Deal With Energy Crisis
The Czech prime minister said onFriday the EU presidency held by his country would convene urgent talks to deal with the current energy crisis following Russia's invasion of Ukraine.
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Oil Prices Turn More Volatile As Investors Exit The Market: Report
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.
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Oil Prices Set To End Week At Pre-Ukraine Crisis Level On Recession Fears
Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets.
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Oil Languishes Below Pre-Ukraine Crisis Levels On Recession Fears
Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries.
-
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
-
Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
-
Five Big Oil Companies Set To Reward Investors With Historic $100 Billion in 2023
The bumper payouts followed a year of record profits for big oil and gas companies after Russia's invasion of Ukraine upended global energy markets.
-
Pakistan Airlines Cancels 26 Flights Amid Financial Crisis: Report
Pakistan International Airline (PIA) flights have been severely affected as Pakistan State Oil (PSO) stopped fuel supply to the national carrier over non-payment of dues to the company, Geo News reported on Monday.
-
Opinion: For Oil, Its Not 1973 Again But It Could Still Turn Ugly
History doesn't repeat itself, but it often rhymes. On the eve of the 50th anniversary of the world's first oil crisis, the parallels between October 2023 and October 1973 are easy to draw: A surprise attack on Israel and oil prices rising.
-
Big Oil Sued In US Over Climate Damages
Attorney Jeffrey B. Simon helped families affected by the opioid crisis obtain settlements worth more than $2.7 billion against leading pharmaceutical companies.
-
"On The Brink Of Collapse": Pakistan Oil Industry's SOS Ahead Of IMF Meet
Oil companies in cash-strapped Pakistan have warned that the industry is on the "brink of collapse" as the dollar liquidity crisis persists and their cost of doing business balloons due to the rupee's devaluation.
-
Russian Oil Price Cap Sanctions Could Threaten India's Oil Supplies: Report
India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.
-
August Sunflower Oil Imports Up Nearly 90%; Russia, Argentina Major Suppliers
After the Ukraine crisis, Russia and Argentina have emerged as major suppliers of sunflower oil to India as imports of the cooking oil jumped 89.6 per cent to 1.35 lakh tonnes in August.
-
Rupee Gains As Oil Prices Lowest Since February And Pullback In Dollar
The rupee strengthened sharply at open on Thursday, tracking a pullback in the dollar and oil below $90 per barrel for the first time since the start of the Ukraine crisis in late February.
-
Oil Steadies At Below $90 For First Time Since Start Of Ukraine Crisis
Oil prices climbed on Thursday, paring some of their steep losses in the previous session.
-
EU Presidency To Convene 'Urgent' Talks To Deal With Energy Crisis
The Czech prime minister said onFriday the EU presidency held by his country would convene urgent talks to deal with the current energy crisis following Russia's invasion of Ukraine.
-
Oil Prices Turn More Volatile As Investors Exit The Market: Report
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.
-
Oil Prices Set To End Week At Pre-Ukraine Crisis Level On Recession Fears
Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets.
-
Oil Languishes Below Pre-Ukraine Crisis Levels On Recession Fears
Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries.
-
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
