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Black gold continues to rise, and a barrel of “Brent” rises above 93 dollars
Oil prices continue to rise today, Friday, as the barrel of “Brent” blend rose during trading above the level of 93 dollars, for the first time since October 2014.
By 15:08 Moscow time, US crude futures "West Texas Intermediate" rose by…
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Russia’s Gazprom signs long-term gas deal with China
Russia's "Gazprom" signed today a long-term contract with China National Petroleum Corporation (CNPC) for the supply of 10 billion cubic meters of gas.
The Russian company "Gazprom" indicated that the supply of natural gas quantities will…
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Pakistan bids to slash current account deficit via Saudi oil loan facility
Pakistan and Saudi Arabia this week agreed to put a $1.2 billion Saudi oil facility into operation at the “earliest,” allowing Islamabad to defer payments for oil imports that economic experts hope will help stave off a current account…
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The price of a barrel of Russian oil hits a 7-year high
The price of a barrel of Russian oil destined for export rose, and this came with the rise of international “Brent” crude above the level of $91 a barrel, for the first time since October 2014.
The trading data for Thursday (February 3,…
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US oil busts through $90/bbl for first time since 2014
Oil prices surged in late-day trading Thursday, sending the US crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States, Reuters is reporting.…
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Amazon trots out YouTube sized advertising business
Amazon pulled the veil off its sprawling advertising business for the first time on Thursday, revealing a business larger than that of Google’s YouTube.
Amazon reported ad revenue of $9.7 billion for the fourth quarter, up 32 percent…
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Meta’s valuation plunges $200bn amid surging competition
Facebook owner and tech giant Meta’s market valuation plunged $200 billion as investors cooled on its prospects in the light of fierce competition and popularity of rivals including video-focused social networking service Tik Tok.
The…
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Shell Q4 profits smash forecasts, lifted by oil and gas prices
Shell reported on Thursday a sharp rise in fourth-quarter profits to $6.4 billion, beating forecasts, lifted by soaring oil and natural gas prices as global economic activity picked up.
Fourth-quarter 2021 adjusted earnings rose by 55…
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India to launch state-backed ‘digital rupee’, tax crypto
India will introduce a state-backed “digital rupee” and impose a 30 percent tax on profits from virtual currencies, the government announced Tuesday.
The plans are a blow to one of the world’s fastest-growing cryptocurrency markets,…
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Germany to axe energy bills levy amid costs increase
There is a rocky road ahead for the energy sector in Europe due to political instability and soaring energy costs. In contrast, a promising future is on the horizon for Asia as investments continue to flow in.
Germany will get rid of a…
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