Oil falls on fears faltering economic growth to hit demand

© Reuters. FILE PHOTO: A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi By Noah Browning LONDON (Reuters) -Oil prices edged down on Wednesday as expectations grew that demand growth will fall as inflation and supply chain issues strain major economies, though surging prices for power generation […]

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U.S. to waive sanctions on firm, CEO behind Russia’s Nord Stream 2 pipeline -source

© Reuters. FILE PHOTO: A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal Hanschke/File Photo MOSCOW (Reuters) – Russian officials on Wednesday said Moscow’s fraught ties with Washington could benefit from the waiving of U.S. sanctions on the company in charge of […]

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EU agrees partial truce with U.S. over Trump tariffs

© Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman By Philip Blenkinsop BRUSSELS (Reuters) – The European Union has agreed to a partial truce with the United States in a dispute over metal tariffs imposed by former president Donald Trump and to start […]

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Colonial Pipeline paid hackers nearly $5 million in ransom – Bloomberg News

© Reuters. FILE PHOTO: Holding tanks are seen in an aerial photograph at Colonial Pipeline’s Dorsey Junction Station in Woodbine, Maryland, U.S. May 10, 2021. REUTERS/Drone Base/File Photo (Reuters) -Colonial Pipeline paid nearly $ 5 million to Eastern European hackers on Friday after a crippling cyberattack that shut the largest fuel pipeline network in the […]

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Traders book tankers in Europe to ship gasoline across Atlantic after Colonial shutdown

© Reuters. FILE PHOTO: Holding tanks are seen at Colonial Pipeline’s Charlotte Tank Farm in Charlotte, North Carolina, U.S. in an undated photograph. Colonial Pipeline/Handout via REUTERS. By Ahmad Ghaddar and Ron Bousso LONDON (Reuters) -Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that […]

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U.S. government working to help top fuel pipeline operator after cyberattack

2/2 © Reuters. Holding tanks are seen at Colonial Pipeline’s Charlotte Tank Farm in Charlotte, North Carolina, U.S. an undated photograph. Colonial Pipeline/Handout via REUTERS. 2/2 By Laila Kearney (Reuters) -U.S. government officials were working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware cyberattack that […]

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Oil Gains for 2nd Week, But Prices Range-Bound Again

© Reuters. By Barani Krishnan  Investing.com – Oil put in a second week of gains as crude prices reentered range-bound trading on Friday on concerns about slowing U.S. jobs growth and the Covid situation in No. 3 energy consuming nation India. New York-traded , the benchmark for U.S. crude, settled up 19 cents, or 0.3%, […]

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Exclusive-Saudi Arabia wants to see “verifiable deeds” from talks with Iran, says official

© Reuters. FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner/File Photo By Ghaida Ghantous DUBAI (Reuters) – A Saudi foreign ministry official said on Friday that talks between Saudi Arabia and Iran aim to reduce regional tensions, but added […]

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German government, aviation sector agree on ‘green’ aviation fuel plan

© Reuters. FILE PHOTO: A general view of planes at the new Berlin-Brandenburg Airport ‘Willy Brandt’ in Schoenefeld near Berlin, Germany October 29, 2020. REUTERS/Hannibal Hanschke BERLIN (Reuters) – German Chancellor Angela Merkel’s government has agreed with the aviation industry and regional authorities on a roadmap for the development and use of “green” aviation fuel, […]

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