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World Oil

Russians decide against selling Iraqi oilfield to China

By Khalid Al-Ansary on 8/1/2021 (Bloomberg) – Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks with the company for

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Commodities
World Oil

Ghana seeks $1.7B loan to acquire and develop oil and gas assets

By Moses Mozart Dzawu, Ekow Dontoh and Yinka Ibukun on 8/2/2021 (Bloomberg) –Ghana is seeking parliamentary approval to borrow as much as $1.65 billion to accelerate oil and gas exploration by acquiring and developing assets. The investment push comes after Exxon Mobil Corp. pulled out

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Commodities
World Oil

Oil prices fall on declining Chinese factory output

By Jessica Summers on 8/2/2021 (Bloomberg) –Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled a slowdown. Futures in New York declined as much as 2% on Monday. The

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