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Tuesday, March 2, 2021

Bloomberg Grant Smith

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IEA sees oil investment revival as OPEC bails out producers

Oil companies are reviving investment after a two-year rout as OPEC output cuts boost prices, easing but not eliminating the risk of a future...

Oil steadies as Saudi Arabia says it’s optimistic on OPEC deal

Crude oil traded near $46 a barrel as Saudi Arabia, due to meet with Russia and some OPEC nations in Doha, said it's optimistic...

EA sees record Middle East oil supply as U.S. output slumps

Oil production from the Middle East has climbed to a record while U.S. output slumps, the International Energy Agency said, in a sign that...

OPEC says oil revenue plunges $438 billion to 10-year low

OPEC said its oil revenue plunged by $438 billion to a 10-year low last year, as an increase in export volumes failed to compensate...

Saudi Arabia faces new oil titan once battle with shale is won

Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary.It won't be regional...

IEA says oil rout could deepen as market ‘drowns’ in oversupply

Global oil markets could "drown in oversupply," sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions,...
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