Secretary General of the European External Action Service (EEAS) Helga Schmid announced that the EU-proposed Instrument in Support of Trade Exchanges (INSTEX) to trade with Iran has become operational.
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The deal removed 1.2 million barrels a day of OPEC+ production. helping to send oil prices higher.
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An analyst has classed the results of the Lyon exploration well West of Shetland as a ``huge disappointment`` for operator Siccar Point and partner Ineos.
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It will develop next generation carbon capture technologies that are affordable and sustainable.
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Growing revenues from the Meygen tidal turbine project in the Pentland Firth has been a unique bright sport for Simec Atlantis Energy amid widening losses for the firm.
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The U.S. will hardly become completely self-sufficient with oil overnight.
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The two sides will discuss their oil policies at the meeting scheduled for July 1-2 in Vienna.
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China and India are among the world’s top oil consumers while Russia supplies oil to both of those nations.
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The financial contributions are expected to go towards environmentally focused work located in and around the areas where the incidents occurred.
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The Centre for Climate Integrity (CCI) suggests this spending will be needed over the next 20 years to defend against sea level rise.
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