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Iran Puts Forces on Alert as US Tensions Push Oil Higher
01 Feb 2026 13:36 GMT
… with the United States drive oil prices higher.
US-Iran … Brent crude closed last Friday at $70.71 per barrel, posting … 65.21 per barrel.
Against this backdrop, the OPEC+ alliance, led … demand.
Concerns remain that any military escalation involving Iran, OPEC’ …
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Iraq boosts fuel self-sufficiency with launch of FCC unit
01 Feb 2026 12:27 GMT
… .
In November, Iraq formally halted fuel imports after
achieving self-sufficiency … surplus production toward exports.
Iraq, OPEC’s second-largest producer, continues … demand
for refined oil products.
Read more: Why doesn't Iraq export petroleum …
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OPEC+ agrees in principle to keep oil output pause for March, sources say
01 Feb 2026 11:23 GMT
… of the Organization of the Petroleum Exporting Countries outside their … eight OPEC+ members comes as Brent crude closed near $70 a barrel … roughly 3 percent of global demand.
They then froze further planned … world's oil.
A separate OPEC+ panel called the …
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OPEC+ set to keep planned oil output pause for March as prices jump, sources say
01 Feb 2026 09:10 GMT
… OPEC+ members comes as Brent crude closed near $70 a barrel on … , roughly 3% of global demand. They then froze further … on Friday. OPEC+ includes the Organization of the Petroleum Exporting Countries, … in Kazakhstan, where the oil sector has suffered a series …
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Cut Idle Time and Boost Margin With Hybrid Generator Fuel Savings
01 Feb 2026 08:44 GMT
… run without doing meaningful work. Fuel burns. Hours accumulate. Maintenance accelerates … operation
Quiet operation during low-demand windows
Reduced neighborhood complaints and … reduces generator runtime, it lowers oil change frequency, filter kit consumption …
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Oil Firms Flare 203.9b scf Gas In 2025 Despite High Utilisation – Upstream Regulator
01 Feb 2026 08:10 GMT
… figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have shown … Gas, which is produced alongside crude oil. Unlike Non-Associated Gas, which … market demand and infrastructure.
This structural imbalance continues to expose oil-linked …
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Imperial Oil shares drop on lower profits; CEO says Venezuelan situation has little impact.
01 Feb 2026 07:55 GMT
… make it easier to sell crude oil by U.S. companies. … fears that Venezuelan barrels may replace Canadian barrels on the U … global balance of supply and demand, regardless of what happens … the quarter was 444,000 barrels of crude oil equivalents per day (boepd …
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Asia spot prices rise for third straight week on cold weather demand
01 Feb 2026 06:59 GMT
… as colder temperatures lifted heating demand in the Northern Hemisphere and … said.
Meanwhile oil prices dipped a few cents per barrel on Friday … the US and Iran. Brent crude futures settled at $70. … and US. West Texas Intermediate crude finished at $65.21. For …
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Prevent oil wealth from being vaporized by cost-of-living crisis
01 Feb 2026 06:59 GMT
… are now pouring high-octane fuel onto an economy that is … already overheating.
To prevent our oil wealth from being vaporized by … a sudden, massive surge in demand that would otherwise drive market …
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Libya grapples with disastrous finances in spite of oil boom
01 Feb 2026 06:27 GMT
… Opec member, is earning billions of dollars through the sale of oil … rising supply and weak demand. However, oil prices have been surging … largest proven oil reserves, estimated at 48 billion barrels, is … the country add 850,000 barrels a day of capacity, …