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U.S. Crude Oil Inventories Drop Sharply Last Week

Crude oil inventories in the U.S. fell by 4.6 million barrels to 426 million barrels in the week ending August 16. Gasoline stocks decreased by...

Oil Prices Rise on Thursday Morning Amid Optimism and Iran Concerns

Singapore, August 15 (FFN) – Oil prices strengthened on Thursday morning, driven by growing optimism that a potential interest rate cut in the United...

U.S. Crude Oil Inventories Unexpectedly Rise, Defying Forecasts

Washington, August 14 (FFN) - In a surprising development, U.S. crude oil inventories recorded an unexpected increase last week, marking a departure from six...

Nigeria Loses $1,000 Per Barrel on Crude Oil Exports

Financeflsahnews - Nigeria is incurring a significant loss of $1,000 on every barrel of crude oil it exports, according to energy policy expert Henry...

Oil Prices Dip Amid Economic Concerns, Despite Geopolitical Tensions

Singapore, August 5 (FinanceFlashNews) – Oil prices declined on Monday morning, driven by concerns over a global economic slowdown. While heightened tensions in the...

Chevron’s Q2 Profit Slips Over 25% Amid Maintenance Costs

Houston, August 2 (FFN) – Chevron, the American oil giant, reported a more than 25% decline in second-quarter profit, falling short of market expectations....

Exxon Mobil Reports Significant Q2 Earnings Boost

Spring, Texas, August 2 (FFN) – American oil giant Exxon Mobil has announced a surge in second-quarter earnings, driven by the acquisition of Pioneer...

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