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Breaking News:

India Cuts Crude Oil Windfall Tax To Zero

Oil Prices Rise Amid Expectations Of A Tightening Market

Oil Prices Rise Amid Expectations Of A Tightening Market

Oil prices edged higher early on Wednesday morning on expectations that oil markets will tighten later this year.

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The IEA Says Russia Isn’t Cutting Oil Production As Promised

The IEA says that Russia hasn’t cut its oil production by 500,000 bpd and may even be looking to boost its output to make up for lost revenue.

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IEA: Oil Bears Are Disregarding An Imminent Supply Shortage

Bearish sentiment has taken over oil markets in recent months, but the IEA believes that sentiment stands in stark contrast to fundamentals.

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China’s Refinery Throughput Jumped 19% In April

China’s refinery throughput in April was 18.9% higher than a year earlier, suggesting that China’s oil demand may be more robust than expected.

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