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Fuel prices to remain high till 2023, says report

A report published by Wood Mackenzie states that consumers can expect fuel prices to stay high until next year due to disruptions in Russian oil supplies and refineries struggling to satisfy demand after the pandemic. It also says that the pressure could ease in the second half of 2023, when many new major refineries, particularly […]

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Oil dips again amid the myriad of global factors

Heavy losses on Tuesday followed Monday’s oil dip. The dip in oil is a result of the myriad of global factors.  The global factors affecting the oil dip are slow Chinese demand and the unwinding of trades ahead of the Federal Reserve’s rate hike on Wednesday.  Additionally, talks between Russia and Ukraine have also weighed […]

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Economic & Finance Market Overview Oil & Gas Stocks & Funds

Rising crude oil prices may lead to slow global growth

Rising crude oil and energy prices due to the Ukraine-Russia standoff may slow global growth.  While the West hits sanctions on Russia, crude oil prices are about to reach $100 a barrel.  Rupee to reach 80 a dollar MD and Chief Strategist at JM Financial Institutional Securities Dhananjay Sinha shares with Moneycontrol that the Indian […]

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Energy Energy & Environment Oil & Gas

Big Oil CEOs warn consumers of High Energy Prices

Big oil CEOs warn consumers to brace themselves for years of high energy prices. In recent months oil and gas prices have skyrocketed as the pandemic restrictions have eased.  As a result, the global economy is recovering, and investors have dropped investments in new energy supplies.  Furthermore, while oil and gas industries gained profits in […]

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Economic & Finance Energy Energy & Environment Market Overview Oil & Gas Stocks & Funds

Oil Prices to reach $100 a barrel due to Omicron

The impact of Omicron has caused oil prices to reach $100 a barrel. By the end of 2022, crude oil prices are likely to soar 35%.  Production shortfall despite increasing demand along with geopolitical tensions is an unusual combination. As reported on Al Jazeera yesterday, Texas Intermediate crude slipped down to 0.70% at $84.95. And […]

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Business Commodities & Currency Economic & Finance Market Overview Oil & Gas World Affairs

Despite the omicron surge, Oil prices touch the skies as the demand hikes globally.

A sigh of relief for the Oil industry as these yearly gains are a clear sign of bouncing back from the Covid crisis.  The world is still facing the aftermath of the Covid-19 pandemic. Within the midst of such a crisis, the surge of omicron infected victims is like adding oil to the fire. Such […]

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