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What Caused the Recent Drop in Oil Prices? Goldman Trader Chimes In

Goldman Sachs trading desk attributes the recent plunge in oil prices to a combination of weaker physical markets, decreased Middle East risk premium, and other market dynamics.

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OPEC Optimism Boosts Trading Morale, Oil Gains Over 1%

But disagreement abounds about whether this is a rally or a blip.

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Russian Oil And Gas Project Misses Output Targets After Exxon Exit

Russia’s Sakhalin-1 oil and gas project missed its output target by 50% after Exxon declared force majeure due to the sanctions resulting from Putin’s war in Ukraine

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Mexico s Oil Giant Reports Staggering Losses

Pemex released Q4 2022 results on Monday, reporting $9.4 billion in losses in a single quarter, more than triple the losses of the previous quarter

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What Russia s Withdrawal From The START Treaty Really Means

Putin s recent decision to withdraw from the START treaty garnered plenty of attention, but the move is a largely symbolic one

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