Fears of a global economic slowdown could be behind the rare move.
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Sanctions on Iran are expected to remove about 1 million barrels a day from the world market by the end of the year.
Read More »Missing Saudi Journalist Is Creating Major Worries around the Oil Market
The stock market in Saudi Arabia plunged on Sunday. and analysts believe oil could be the next to be affected.
Read More »India Considers Payment System for Iranian Oil Imports
India wants to keep importing oil from Iran. because Tehran offers some discounts and incentives for Indian buyers.
Read More »The World Needs to Rise Adoption of Renewable Energy
IEA says renewable energy could grow 25 percent faster.
Read More »$80 Oil Supports Energy Infrastructure Investment
Shell is a major player in the U.S. Gulf of Mexico.
Read More »Hyperloop: The revolutionary technology that could change transport forever
It'.s a form of transportation uses magnetic levitation to float vehicles above a track.
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