Political tensions in the Middle East could translate into a permanently higher oil price, penalizing households’ purchasing power and weakening consumption, a major support for the global economy The year…
WASHINGTON—The U.S. expects all countries to cut oil imports from Iran to “zero” by Nov. 4 or risk sanctions, a senior U.S. State Department official said on Tuesday, expressing a…
Oil price trends have shifted since the start of April, with figures set on a range of $70–75, compared with a previous figure of around $67 on average, i.e. higher…
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