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Boris Johnson to stress work as the fix for cost of living crisis
May 25, 2022 15:18UK ministers remain unable to decide on ways to relieve poverty as they wrangle over windfall tax for energy companies.
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Italy quadruples imports of Russian oil despite EU opposition
May 22, 2022 08:16Italy has increased its imports of Russian crude in spite of efforts by the European Union to end its dependence on Russian energy over the Ukraine crisis.
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‘Russia no threat’: China to receive 2 million barrels of Iran oil
May 19, 2022 14:22A very large Iranian crude carrier is set to discharge 2 million barrels into an oil terminal in China this week after Western media reports claimed that Beijing might be replacing Iran’s barrels with cheaper Russian shipments.
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Iran’s oil output up 1.4% to 2.564 mln bpd in April: OPEC
May 18, 2022 04:24Iran’s oil production rose slightly in April against the first quarter this year, OPEC figures show, as a media report claims Iran’s crude export volumes remained stable last month despite reports suggesting that shipments to China had declined because of higher Russian exports to the East Asian country.
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NIOC: Russians to start developing two Iranian oil fields 'soon'
May 16, 2022 11:15Russians will soon start “executive operations” on developing two oil fields in Iran, Managing Director of the National Iranian Oil Company (NIOC) Mohsen Khojastehmehr has said.
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Iran will double oil exports if foreign problems are solved: NIOC chief
May 15, 2022 05:23Iran’s state run oil company the NIOC says it will be able to immediately double its crude exports if problems facing the country at the international level are solved.
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IEA chief warns climate chaos certain if oil and gas mega-projects go ahead
May 14, 2022 16:41Revelations by the Guardian show nearly 200 carbon bomb projects are in planning, or have already started pumping, that will each result in at least 1bn tonnes of carbon dioxide emissions over their lifetimes, equivalent to about 18 years of current global emissions.
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President Raeisi: Iran's oil exports have doubled
May 10, 2022 04:38President Seyyed Ebrahim Raeisi says Iran is no longer worried about its oil sales which are twice as much oil as when he took office in August, despite heavy sanctions imposed by the US.
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'This is robbery': Chevron profits quadruple and Exxon's double amid Russia- Ukraine crisis
May 04, 2022 13:40Chevron and ExxonMobil announced Friday that their profits surged during the first quarter of 2022, prompting fresh calls for a windfall tax as the U.S.-based oil giants continue to exploit Russia- Ukraine crisis to hike prices at the pump and lobby for more drilling.
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Iran’s oil minister meets Venezuela's Maduro, discusses energy cooperation
May 04, 2022 04:59Iran’s Oil Minister Javad Owji met with Venezuelan President Nicolas Maduro in Caracas and discussed ways to expand energy cooperation between the two countries.