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Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Europe rushes to fill up on Russian diesel before ban begins

Europe rushes to fill up on Russian diesel before ban begins

LONDON, Nov 21 (Reuters) – European traders are racing to fill tanks in the region with Russian diesel ahead of the start of an EU ban in February as alternative sources remain limited. The European Union will ban imports of Russian petroleum products, on which it depends heavily for its diesel, by February 5. This …

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Oil slides 2%, posts second weekly decline as supply fears fade

Oil slides 2%, posts second weekly decline as supply fears fade

Market structures suggest easing supply concerns Brent and WTI post their second consecutive weekly losses Fed interest rate signals dampen sentiment Chinese demand and COVID cases in brief NEW YORK, Nov 18 (Reuters) – Oil fell about 2% on Friday, posting a second weekly decline, on concerns over weakening demand in China and further U.S. …

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EXCLUSIVE India can buy as much Russian oil as it wants, outside price cap, says Yellen

EXCLUSIVE India can buy as much Russian oil as it wants, outside price cap, says Yellen

NEW DELHI, Nov 11 (Reuters) – The United States is happy India is continuing to buy as much Russian oil as it wants, including at prices above the price cap mechanism imposed by the G7, if it avoids Western insurance, finance and shipping. services bound by the cap, U.S. Treasury Secretary Janet Yellen said Friday. …

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Exclusive: Exxon leaves Russia empty-handed with 'unilaterally terminated' oil project

Exclusive: Exxon leaves Russia empty-handed with ‘unilaterally terminated’ oil project

HOUSTON, Oct 17 (Reuters) – Exxon Mobil Corp (XOM.N) said on Monday it had left Russia altogether after President Vladimir Putin expropriated its properties after seven months of talks over an orderly transfer of its 30% stake in a major oil project. . Exxon did not say whether it received compensation for the assets, which …

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EXCLUSIVE Rosneft moves into tanker charter as EU ban looms

EXCLUSIVE Rosneft moves into tanker charter as EU ban looms

This content was produced in Russia where the law limits coverage of Russian military operations in Ukraine MOSCOW/NEW DELHI, Oct 17 (Reuters) – Russia’s biggest oil exporter Rosneft has expanded its tanker charter business to facilitate oil shipments for buyers amid looming Western sanctions on the insurance of Russian oil shipments, three sources familiar with …

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