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Oil Prices Continue To Slide On Rising US, EU Inventories

After rebounding by some 5% earlier this week on China demand recovery optimism, crude oil prices have shed over 1% on Thursday, following U.S. inventory data showing increasing stockpiles ....

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Total Puts Investment In $50 Billion Hydrogen Project On Hold

TotalEnergies is holding off on its investment in embattled Adani Group’s $50 billion hydrogen project, calling for clarity over the emergence of allegations against Adani ....

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Oil Up For 3rd Day In a Row As Fed Proves Less Hawkish

Brent crude is up 1.55% today, rising for the third day in a row following Federal Reserve Chairman Jerome Powell’s unexpectedly less hawkish statement on Tuesday, which appears to have given risk appetites a bit of a boost ....

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Ford Faces Growing Pains As It Expands Into The EV Market

Ford CEO Jim Farley hinted on a SiriusXM radio show that the company is not as lean as it could be, adding to a previous statement that the company needs to reduce costs ....

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High Oil Prices Help To Send U.S. Trade Deficit To Nearly $1 Trillion

High oil prices have helped to send the U.S. international trade deficit to nearly $1 trillion, according to a Tuesday release by the Bureau of Economic Analysis ....

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