Tag: fall in oil prices

IEA Releasing 60 Million Oil Barrels Into Market, Price Cools Down But Rises Slightly as Fears of Instability Persists

April 7, 2022
Business & Economycommoditiesfall in oil pricesInternational Energy AgencyMarketsStrategic Petroleum ReserveWorld
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The International Energy Agency (IEA) will release 60 million barrels of oil from its member nations into the global marketplace in an effort to cool down prices after the Russian invasion of Ukraine, following which, prices have risen and remain reluctant to lower. “The @IEA is moving ahead with a collective oil stock release of…

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Oil Prices Decline Following Russia–Ukraine Talks, Reemergence of COVID-19 in China

March 14, 2022
Business & EconomyChinaChina Business & EconomyChina COVID-19commoditieseconomyEuropefall in oil pricesMarketspeace negotiationsRussia-Ukraine WarWorld
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Oil prices fell during early trading on March 14, continuing the downward trend of the past few days, as representatives of Russia and Ukraine hold talks that could soon result in tangible positive outcomes. The decline in prices is also attributed to China announcing lockdowns in various commercial regions amidst a resurgence in COVID-19 cases….

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Oil Prices Decline Following Russia–Ukraine Talks, COVID-19 Spike in China

March 14, 2022
Business & EconomyCCP VirusChinaChina Business & EconomyChina COVID-19commoditieseconomyEuropefall in oil pricesMarketspeace negotiationsRussia-Ukraine WarSpecial TopicsWorld
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Oil prices fell during early trading on March 14, continuing the downward trend of the past few days, as representatives of Russia and Ukraine hold talks that could soon result in tangible positive outcomes. The decline in prices is also attributed to China announcing lockdowns in various commercial regions amidst a resurgence in COVID-19 cases….

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