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The Saudi Prince of oil vows to drill 'every last molecule'

The Saudi Prince of oil vows to drill 'every last molecule'
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Saudi Prince Wants to Be Known As Oil Price 'Volatility Buster'

Saudi Prince Wants to Be Known As Oil Price 'Volatility Buster'
rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.

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22Jul2021 Midday Update: Wall Street Mixed, Small Caps Positive, Nasdaq Up 0.2%, DOW Down 50 Points, WTI Crude Gains 71.09, Bitcoin Rising 32500

22Jul2021 Midday Update: Wall Street Mixed, Small Caps Positive, Nasdaq Up 0.2%, DOW Down 50 Points, WTI Crude Gains 71.09, Bitcoin Rising 32500
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Will Petrol, Diesel Prices Finally Come Down? OPEC+ Agrees to Iron Out Supply Constraints

Will Petrol, Diesel Prices Finally Come Down? OPEC+ Agrees to Iron Out Supply Constraints
News18
9 hours ago
News Desk
© Provided by News18
Will Petrol, Diesel Prices Finally Come Down? OPEC+ Agrees to Iron Out Supply Constraints
Fuel prices are expected to come down shortly as the OPEC+ grouping on Sunday agreed to add more barrels to the market.
According to a report by Times of India, the grouping, which includes Russia, decided to raise production by 400,000 barrels per day (bpd) from August till December to restore 2 million bpd of production, or about 44% of India’s daily requirement. It also agreed on a higher production quota for United Arab Emirates, Iraq and Kuwait – all India’s major suppliers. ....

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Oil Declines After OPEC+ Agrees to Boost Production Into 2022

Article content
Goldman Sachs Group Inc. said that the deal would support its constructive view on oil, while cautioning that near-term prices may “gyrate” amid concern about the delta variant. The group’s planned increase in supply was “moderate” and would keep the market in deficit, the bank said in a report.
Brent’s prompt time spread was little changed at 63 cents a barrel in backwardation, a bullish pattern with near-dated prices trading above those further out. That’s down from 74 cents a week ago.
The delta variant is still on the ascendant, especially among the unvaccinated, with some countries reimposing curbs. In Asia, Indonesia, Thailand, South Korea, Vietnam and Singapore are all dealing with outbreaks. Elsewhere, the U.K. on Saturday reported the most cases since January. ....

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