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WTI Stages Sharp Comeback as Middle East Supply Risks Intensify

December WTI crude oil futures are lower for the week, but the market has recovered a good portion of its early loss. The contract opened at $90.83, b...

Nov 13, 2026 · Staff
Originally on Wedgetail
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Russian oil exports up to 6.82 mbd in October, revenues up to $21.15 bln

Revenues from exports increased by $3.61 bln month-on-month to $21.15 bln due to growth of oil prices

Nov 13, 2026 · Staff
Originally on Wedgetail
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Commonwealth Fusion’s CEO sees UAE primed for new energy tech

Abu Dhabi has backed the US firm that plans to switch on its prototype fusion machine next year.

Nov 13, 2026 · Staff
Originally on Wedgetail
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Seoul keeps fuel price caps unchanged amid Mideast tensions

The South Korean government on Friday kept its price caps on fuel products unchanged for a fifth consecutive period amid elevated international oil pr...

Nov 13, 2026 · Staff
Originally on Wedgetail
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Russia Oil Revenues Hit Five-Month High on Crude Rally, IEA Says

Russia’s October revenues from crude and petroleum-product exports hit the highest since May as the ongoing Iran war bolstered oil prices, according t...

Nov 13, 2026 · Staff
Originally on Wedgetail
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Hungary’s MOL seeks EU funding as CEO warns Russian oil phase-out could trigger social unrest

MOL says it could phase out Russian oil imports by the end of 2027, but CEO György Bacsa warns that higher energy costs could fuel political instabili...

Nov 13, 2026 · Staff
Originally on Wedgetail
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Russian crude production rebounds after Trump diesel deal, IEA says as oil markets return to surplus

Russia’s crude output rose to 8.73 million barrels a day in October as recovering Gulf exports pushed global supply above demand, the IEA said.

Nov 13, 2026 · Staff
Originally on Wedgetail
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Orkney Islands’ first link to UK mainland nears offshore installation

Nexans has completed the factory acceptance test (FAT) of the 220 kV subsea cable that will connect the Orkney Islands to the UK mainland for the...

Nov 13, 2026 · Staff
Originally on Wedgetail
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Russia ranks second after US in terms of value of LNG supplies to EU in September

The European Union purchased around 498 mln euros worth of LNG from Russia

Nov 13, 2026 · Staff
Originally on Wedgetail
News
Security Council LIVE: Fragile Gulf calm tested as threats to Hormuz shipping mount

Nearly nine months after Israeli and US strikes on Iran set off a regional war, the Gulf remains on a knife edge. Iran has all but closed the Strait o...

Nov 13, 2026 · Staff
Originally on Wedgetail
News
EU paid largest amount for US LNG in September since fall 2022

In September 2026, the EU imported the US LNG valued at 4.25 bln euro in total

Nov 13, 2026 · Staff
Originally on Wedgetail
News
EU’s purchases of Russian pipeline gas, LNG rise 9% in nine months

In September, EU countries paid 498 mln euro for LNG from Russia

Nov 13, 2026 · Staff
Originally on Wedgetail