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U.S. Crude Is Dominating Global Oil Markets

U.S. Crude Is Dominating Global Oil Markets

Surging U.S. crude exports, particularly WTI Midland, have dominated global markets, with record export volumes and a significant portion being sent to Europe

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Standard Chartered: Oil Markets Will Soon Face Significant Supply Deficits

StanChart has reiterated its previous assessment that not only can the markets absorb the extra barrels by OPEC+ producers but that a deficit is likely to appear in the latter part of the current year and carry over to 2025

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Balancing AI’s Energy Demands: The Role of Gas, Nuclear, and Renewables

To avoid a return to hydrocarbons, some have suggested nuclear as a source of the reliable baseload electricity supply that artificial intelligence development needs

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New Zealand Seeks To Scrap Exploration Ban to Reverse Gas Decline

This week, the coalition government said it would introduce a bill in Parliament in the second half of 2024 to remove the ban on petroleum exploration beyond onshore Taranaki.

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U.S. Crude Production Growth Challenges OPEC+ Control Over Prices

OPEC+ extends oil production cuts until the end of 2025, aiming to stabilize crude prices and balance market demands in the face of U.S. crude production growth and weak demand concerns.

2 days ago

Inflation in China is Finally Beginning to Stabilize

China's consumer inflation remains stable, while producer prices show signs of improvement, indicating sluggish demand amid an ongoing property downturn.

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Uzbekistan's Bid for WTO Membership Hinges on Major Trade Reforms

Uzbekistan takes significant steps toward World Trade Organization membership by easing information access restrictions and implementing economic reforms to align with WTO standards.

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