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  • Iran Says It Can Double Oil Exports If Market Needs More Barrels

    From bnnbloomberg.ca

    Iran has capacity to double oil exports if there’s sufficient demand, a top official said, even as a deal on the country’s nuclear program that could pave the way for the lifting of sanctions remain elusive. Iran will “exert maximum effort to recoup its crude oil market share and revive its customers,” Mohsen Khojastehmehr, managing director of the National Iranian Oil Co., told reporters Saturday in Tehran. While Iran doesn’t publish figures for oil production or exports, analysts estimate that it sells as much as 1 million barrels per day. The government’s budget plan forecasts daily sales of 1.4 ... (full story)

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    Russia Halts Electricity Exports to Finland Over Lack of Payment

    From thedeepdive.ca|May 14, 2022

    Russia’s biggest electricity company is expected to halt power exports to Finland over payment problems. Rao Nordic, the Finnish-based subsidiary of Russian-owned utility company ...

    EU-Azerbaijan – Senior officials meet to reinforce energy cooperation

    From ec.europa.eu|May 14, 2022

    Senior European Commission officials and Azerbaijan government representatives have met today to discuss energy issues in line with the EU-Azerbaijan Energy Memorandum of ...

    EU Drafts Plan for Buying Russian Gas Without Breaking Sanctions

    From bnnbloomberg.ca|May 14, 2022|4 comments

    The European Union is set to offer its gas importers a solution to avoid a breach of sanctions when buying fuel from Russia and still effectively satisfy President Vladimir ...

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    $230M settlement reached over 2015 California oil spill

    From apnews.com|May 15, 2022

    The owner of an oil pipeline that spewed thousands of barrels of crude oil onto Southern California beaches in 2015 has agreed to pay $230 million to settle a class-action lawsuit ...

    Macro and Prices: Sentiment Swings Between Inflation and Recession

    From marctomarket.com|May 15, 2022

    The market is a fickle mistress. The major central banks were judged to be behind the inflation curve. Much teeth-gashing, finger-pointing. Federal Reserve Chair Powell was blamed ...

    EU cuts eurozone GDP forecast, sees 6.1% Inflation in 2022

    From luxtimes.lu|May 15, 2022

    The European Union cut its prediction for 2022 eurozone growth and almost doubled its estimate for inflation, according to new draft projections. In the first forecast since the ...

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  • Posted: May 14, 2022 9:36pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 54
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