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CommodityOilPrice.com

Energy Crisis Shapes UK Budget as Chancellor Faces Pressure Over Defence Spendin

John Healey’s maiden Budget is likely to omit clear plans to boost defence spending, reform taxes and curb the welfare bill, economists have predicted, in a move that would kick “tough decisions into the long grass”. Healey, who resigned from Sir Keir Starmer’s government over the Treasury’s refusal to set out how it would lift spending on the military to three per cent of GDP by 2030, is…

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Iran's Araghchi: Iran continues to give diplomacy a chance to succeed

Post from Iran's foreign minister on twitter: While our Brave Armed Forces are fully prepared to defend the Homeland, Iran continues to give diplomacy a chance to succeed. We remain in close and ongoing contact with intermediaries to review ideas that can ensure implementation of our 7-Day Plan in even less than a week. This is the first real confirmation of the seven-day plan, which could start…

CommodityOilPrice.com

Equinor Raises Oil and Gas Output Forecast as Operating Profit Doubles

Equinor raised its 2026 oil and gas production growth forecast to around 4% after higher commodity prices and record earnings at its Mongstad refinery helped more than double third-quarter operating profit. The Norwegian producer now expects faster growth than its previous guidance of 3%, following quarterly equity production of 2.166 million barrels of oil equivalent per day. International…

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