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Oil plunged more than 6%. their biggest daily drop in more than two years after an expected Israeli retaliatory strike against Iran over the weekend spared the country’s petroleum infrastructure.
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Global oil prices climbed 4% Monday over fears that the unprecedented weekend attack on Israel by Hamas could escalate into a regional conflict embroiling oil-producing nations.
Oil prices rose as much as 3% Wednesday before paring gains amid worries of supply disruptions stemming from the Middle East conflict. Prices fell from session highs by mid-day in the trading ...
The iconic cooling towers of the Haifa oil refinery (before the collapse of one) BAZAN Group, (ORL or BAZAN, Hebrew: בז"ן – בתי זיקוק לנפט בע"מ), formerly Oil Refineries Ltd., is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country.
Oil prices tumbled more than 4% on Tuesday as supply fears faded after a Washington Post report signaled Israel would avoid targeting Iran’s petroleum production.
Oil rose more than 5% on Thursday over fears of supply disruptions stemming from an expected Israeli retaliatory strike against Iran. Remarks from President Biden over the possibility of an attack ...
In February 2022, the government of the Democratic Republic of the Congo announced that it was close to signing an agreement with the Fleurette Group, owned by the Gertler family, under which it would transfer, among other things, cash, cobalt mines, and oil wells worth two billion dollars to the state. Local organizations praised the decision ...