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OPEC oil output falls as Nigerian rebound falters -Reuters survey


OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian output did

Germany should consider strategic gas reserve – regulator


Germany should consider the idea of a national gas reserve, the head of the country’s network regulator said, after months

Gasoil margins extend losses on cautious sentiment


Asia’s 10 ppm sulphur gasoil margins extended losses for a second consecutive session, as cautious trading sentiment continue to weigh

Dubai, Murban inch up; OPEC+ output plan awaits


Middle East crude benchmark Dubai and Murban edged higher in the last trading session in January, as the market awaits

Gasoline crack falls, naphtha rises


Asia’s gasoline refining profit margin declined on Tuesday amid demand concerns in the South Asian region.

The crack slipped by around

Despite sanctions, Iran’s oil output rises 140,000 bpd in 2022: EIA


The U.S. Energy Information Administration (EIA) in a recent report has put Iran’s average oil production in 2022 at 2.54

Exxon smashes Western oil majors’ profits with $56 billion in 2022


Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about

Proved reserves of natural gas increased 32% in the United States during 2021


Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf)

Crude oil price likely to test $100/bbl in 2023; go long around Rs 6800/bbl with upside target of Rs 7100/bbl


Oil prices could see better 2023 than 2022. We believe the price will sustain above $90 as money managers have

Oman’s production of oil rises by 9.6% in December 2022


The Sultanate of Oman’s production of oil recorded a rise of 9.6 per cent till the end of December 2022

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