Tag #Opec

bbc.com
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US Oil Sanctions Squeeze Iran and Russia

US sanctions targeting Iranian and Russian oil exports, impacting their shadow fleets and major buyers like China and India, have caused global oil shortages and price spikes; Russia exports roughly 7.33 million barrels daily, while Iran exports around 1.7 million barrels daily, with a significant p...

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36% Bias Score

Reduced Inequality
abcnews.go.com
🌐 85% Global Worthiness
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Fed Expected to Hold Interest Rates Steady, Defying Trump

The Federal Reserve is expected to hold interest rates steady on Wednesday, defying President Trump's calls for a rate cut, despite a historically high interest rate of 4.25%-4.5% and resurgent inflation.

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48% Bias Score

Decent Work and Economic Growth
faz.net
🌐 75% Global Worthiness
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Lower Oil Prices Reduce German Gasoline Costs

Lower Brent crude oil prices, around $77 per barrel compared to over $82 recently, have reduced gasoline prices in Germany, although this is influenced by multiple factors including geopolitical tensions, investor sentiment, and the potential impacts of Donald Trump's policies.

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16% Bias Score

Affordable and Clean Energy
abcnews.go.com
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Trump Urges OPEC+ to Lower Oil Prices to End Ukraine War

President Trump is urging OPEC+ to lower oil prices to financially pressure Russia into ending its war in Ukraine, a strategy met with skepticism by experts despite a recent phone call with Saudi Crown Prince Mohammed bin Salman and the latter's announcement of potential increased U.S. investment.

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56% Bias Score

Peace, Justice, and Strong Institutions
dw.com
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Trump-Putin Talks on Ukraine: Sanctions and NATO Membership Key Issues

Presidents Trump and Putin are willing to meet to discuss the Ukraine conflict; however, Trump threatened more sanctions if Russia doesn't end the war, while Russia claims the conflict stems from security threats and the West's refusal to acknowledge Russia's concerns. Ukraine's NATO membership is a...

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52% Bias Score

Peace, Justice, and Strong Institutions
theglobeandmail.com
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Oil Prices Rise on Sanctions, Stockpile Draw

U.S. sanctions on Russian oil, coupled with a decrease in U.S. crude oil stocks, drove up global oil prices on Wednesday; Brent crude reached $80.57 per barrel, while West Texas Intermediate hit $78.29, amidst uncertainty about the sanctions' full impact.

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36% Bias Score

Affordable and Clean Energy
theglobeandmail.com
🌐 85% Global Worthiness
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Oil Prices Stable Amidst Looming U.S. Tariffs on Canadian and Mexican Oil

On Thursday, oil prices remained relatively unchanged at $76.48 per barrel for Brent crude and $72.46 for U.S. crude, primarily due to investor concerns surrounding potential U.S. tariffs on oil imports from Canada and Mexico, the U.S.'s two largest crude suppliers.

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36% Bias Score

Affordable and Clean Energy
theglobeandmail.com
🌐 85% Global Worthiness
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Oil Prices Dip Amid Rising Inventories and Resumed Libyan Exports

Global oil prices experienced a slight decline on Wednesday due to increased U.S. crude oil inventories and resumed Libyan oil exports, but concerns remain about potential U.S. tariffs on Canadian and Mexican oil imports, impacting approximately 4.6 million barrels per day.

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44% Bias Score

Affordable and Clean Energy
tass.com
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Obstacles to Increased US Oil Production and Price Drop

Kyle Shostak of Navigator Principal Investors stated that achieving US President Donald Trump's goal of significantly increasing hydrocarbon production will be extremely difficult due to high production costs ($89/barrel needed vs. current $74/barrel) and the limited supply of Russian and Iranian oi...

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36% Bias Score

Affordable and Clean Energy
euronews.com
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Trump Proposes Oil Price Cuts to End Ukraine War

Former US President Donald Trump proposed using economic pressure, specifically lowering global oil prices through OPEC, to end Russia's war in Ukraine, a strategy opposed by Ukrainian President Zelenskyy and the Kremlin.

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40% Bias Score

Peace, Justice, and Strong Institutions
theglobeandmail.com
🌐 85% Global Worthiness
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Trump's Policies Cause Uncertainty, Oil Prices Fluctuate

On Friday, oil prices saw a slight increase despite a weekly decline, influenced by President Trump's push to increase U.S. production and pressure OPEC for lower prices; Brent crude reached $78.88, and WTI reached $75.11, with weekly losses of 2.4 percent and 3.7 percent, respectively.

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40% Bias Score

Climate Action
forbes.com
🌐 85% Global Worthiness
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US Sanctions on Russia Send Oil Prices to Three-Month Highs

On Friday, oil prices climbed to three-month highs due to tighter US sanctions on Russia, impacting its oil exports to Asia; Brent crude reached $80.67 per barrel, and WTI hit $77.74, driven by several factors including OPEC+ production cuts and increased Northern Hemisphere energy demand due to col...

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40% Bias Score

Climate Action