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CommodityOilPrice.com

Questions Mount Over Venezuela’s Biggest Oil Deal

“The biggest oil deal in world history” between the Trump Administration and North American Blue Energy Partners may not live up to the hype as the privately held and previously little-known company could face steep challenges in developing Venezuela’s huge oil resources, Reuters reported, citing more than a dozen oil workers, contractors, and experts from the industry. Following the capture of…

CommodityOilPrice.com

Germany Misses Gas Storage Target as Prices Soar

Germany has missed its gas storage target for the start of winter. Now, the EU’s largest economy faces a difficult heating season as the European gas benchmark topped 100 euros per MWh last week and has stayed there since. Higher prices may turn out to be the smaller problem. A supply crunch would be worse. Every European Union member state has an obligation to secure enough natural gas ahead of…

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