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CommodityOilPrice.com

Russia's Arctic Oil Shortcut Runs Into a Wall of Ice

A group of sanctioned Russian tankers dropped anchor some 1,300 kilometers north of the Arctic Circle in July after getting stuck and hunkered down for a long wait in the frozen waters at the top of the world. Help from two nuclear-powered icebreakers was several days' voyage away. The ships were stuck near the Vilkitsky Strait, a 55-kilometer-wide choke point between the coast of northern…

CommodityOilPrice.com

Saudi Oil Output Jumps 12.2% to 8 Million Bpd in September

Crude oil production in Saudi Arabia rose by 12.2% in September from a month earlier, to reach 8 million barrels per day (bpd), data by Al Rajhi Capital Research cited by TradeArabia showed on Monday. Following the very low levels of crude oil output in the spring and early summer, when all Gulf producers slashed output due to inability to ship crude cargoes via the Strait of Hormuz, production…

ForexForexLive

investingLive European session wrap: Stocks rebound as oil eases, French bonds find relief

Headlines: Major central banks take centre stage this week but will there be any surprises? Oil retreats as Trump refrains from striking Iran over the weekend; risk of attacks keeps the market supported Chart of the day: Gold price tests $4,000 support, is a deeper correction looming? Gold could rebound in the near-term as growth and US strikes fears subside; eyes on the FOMC next European stock…

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