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Oil Updates — Crude steady amid supply cuts

RIYADH: Oil prices were steady on Monday after a softer dollar and supply cuts from Canada and members of the Organization of Petroleum Exporting Countries and its allies, known as OPEC+. Brent crude futures rose 5 cents, or 0.07 percent, to $75.63 a barrel at 12:50 p.m. Saudi time, while US West Texas Intermediate crude was intact at $71.55 a barrel. Talks to avert a default

Indian Oil Corp: Middle East deals squeezed out by Russian crude

DUBAI (Reuters) - The chairman of Indian Oil Corporation , the country's top refiner by capacity, on Monday said he remained committed to term contracts with the Middle East but spot purchases from the region have fallen as more Russian crude has been imported. | 05:26am

Cheap Russian Crude Is Replacing Middle Eastern Oil On India s Spot Market

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