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Russia Opens Antitrust Case Against Gazprom Over Withheld Gasoline Sales

OilPrice

Russia’s Federal Anti-Monopoly Service (FAS) has launched a formal case against a Gazprom subsidiary for sharply reducing gasoline sales on the country’s main energy exchange, as the Kremlin weighs curbs on fuel exports to ease surging domestic prices.

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How High Will Oil Prices Go on a Middle East Supply Disruption?

OilPrice

Crude oil prices could rise by between 15% and 20% from pre-war levels in case of disruption of 1.1 Earlier today, Brent topped $77 per barrel, with ING the latest to say it could top $120 per barrel in the case of a supply disruption. Citi, however, does not believe supply disruption would have…

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Exxon-Hess Arbitration Case Close to End

OilPrice

The arbitrators for a dispute between Exxon and Hess Corp. have reached a decision, according to two unnamed sources who spoke to Reuters but did not divulge details about that decision. It remains unclear when the decision will be made public.

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Goldman Sachs: Geopolitical Risk Could Add $10 to Oil Prices

OilPrice

However, the bank admitted oil could top $90 in case of Iranian supply disruption. Its base-case scenario, the bank said, remains the same, with Brent averaging $60 per barrel in the final quarter of the…

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IEA Head: The World Must Prepare to Address Energy Security Threats

OilPrice

Such was the case with the creation of the IEA itself following the Arab oil embargo in the 1970s and with the emergency stockpiles… Many tools to tackle energy security today have been developed after crises have hit in the past.

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India, Pakistan Brace for Oil Price Surge, Seek New Oil Suppliers

OilPrice

India and Pakistan are weighing their options in case the Israel-Iran conflict disrupts oil supplies through key chokepoints. While many analysts are still not convinced that Iran can actually afford to close the Strait of Hormuz, as it has threatened, it’s a big gamble, and Indian refiners are making backup plans.

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Chevron wins Exxon case but loses time, oil and billions

Oil & Gas 360º

(BOE Report) – ExxonMobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration.

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