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Iran crude output up by 13.4% in April: OPEC data
May 13, 2021 23:53Iran increased its crude output by 13.4% in April compared to March, shows figures by the Organization of Petroleum Exporting countries (OPEC), as the country moves ahead with plans to offset losses suffered to production during more than three years of American sanctions targeting its oil sales.
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Biden signs executive order to bolster US cybersecurity after critical pipeline hacking
May 13, 2021 09:42US President Joe Biden has signed an executive order to improve cybersecurity in the wake of a major pipeline cyberattck, which has caused severe gas shortage and panic buying on the US East Coast.
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US Southeast to see fuel price hikes after pipeline shutdown: Experts
May 10, 2021 07:40The southeastern United States will be the first to experience price hikes at the pumps because of the supply disruption following a cyberattack that shut the largest US gasoline pipeline, experts warned on Sunday.
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Two workers injured in fire at Kuwait’s largest oil field
May 10, 2021 07:10A “limited fire” has erupted at Kuwait’s Greater Burgan Oil Field, injuring two workers but not affecting oil production at the Arab country’s largest oil field, Kuwaiti state news agency KUNA reported.
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Iran to start drilling for crude in northern Moghan region
May 10, 2021 01:14The National Iranian Oil Company (NIOC) is dispatching one of its main drilling rigs to a northern region as it prepares to finally pump crude from oilfields located near the border with the Republic of Azerbaijan.
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Fire breaks out at distillation unit in Syria’s Homs refinery
May 09, 2021 07:38Syrian firefighters are working to extinguish a blaze that broke out at a distillation unit of the main oil refinery in the western city of Homs, with no reports of casualties in the incident.
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Moscow: US has no right to criticize Russia’s legitimate presence in Syria
May 06, 2021 06:06Russia has sharply dismissed America’s criticism of Moscow’s role in Syria, saying the United States, which maintains an illegal presence in the Arab country, is in no position to comment on the Russian presence there, which comes at the request of the legitimate government in Damascus.
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Tanker collision spilled 400 tons of oil off China coast: Authorities
Apr 29, 2021 07:41Around 400 tonnes of oil spilt into the Yellow Sea after a tanker collided with another ship off China's largest crude-receiving port earlier this week, maritime authorities said Thursday.
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Firms in Iran on stand-by to ramp up oil production
Apr 27, 2021 10:13Largest oil producing company in Iran says it is ready to raise production to levels above its output in 2018 when the US illegally targeted the Islamic Republic’s oil industry with the most aggressive sanctions ever.
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Oil extend losses into 3rd day on US stock build, pandemic fears
Apr 22, 2021 05:43Oil prices extended their losses into a third day on Thursday as a surprise build-up in US crude inventories and a resurgence of COVID-19 cases in India and Japan fuelled fears that a recovery in global economy and fuel demand may be stalled.