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Brent crude oil futures settled up 41 cents, or 0.53%, at $77.49 per barrel. Oil prices rebound from multi-week lows as investors brace for Trump tariffs Skip to main content
NEW YORK (Reuters) -Oil prices fell about 2% to a two-week low on Monday as news of surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model prompted concerns ...
The news of the fifth straight week of increases in U.S. crude inventory had little effect. [43] WTI and Brent ended March down nearly 4 percent. With the April 1 announcement that OPEC and other nations would increase production, WTI rose 3.9 percent to close at $61.45 and Brent increased 3.4 percent to $64.86. [44]
The Achnacarry Agreement or "As-Is Agreement" was an early attempt to restrict petroleum production, signed in Scotland on 17 September 1928. [1] The discovery of the East Texas Oil Field in the 1930s led to a boom in production that caused prices to fall, leading the Railroad Commission of Texas to control production.
Just Stop Oil is a British environmental activist group primarily focused on the issue of human-caused climate change.The group aims to lobby the British government to commit to ending new fossil fuel licensing and production using civil resistance, nonviolent direct action, traffic obstruction, and vandalism.
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).
Don’t throw away your choker necklaces and disco leggings just yet; the era of ‘2014 Tumblr’ is supposedly making a comeback. Less than a decade later, Tumblr aesthetics have already made ...
The use of the term paraffin in place of the standard chemical nomenclature alkane is particular to the oil industry (which relies extensively on jargon). The composition of a gasoline depends upon: the oil refinery that makes the gasoline, as not all refineries have the same set of processing units; the crude oil feed used by the refinery;