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1/3 Brits are eager

Oil prices to reach $380 a barrel if Russia cuts more off

Oil prices to reach $380 a barrel if Russia cuts more off: Experts have cautioned that oil prices could soar to ‘stratospheric’ levels because of sanctions imposed by Western countries. If Russia responds to sanctions with reductions in crude oil output, the authors of a current report by JP Morgan Chase forecast that worldwide oil…
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1/3 Brits are eager

“unprecedented & largest ever” US oil reserves released

“unprecedented & largest ever” US oil reserves released: In an unprecedented event Joe Biden has ordered the release of US fuel reserves to help combat the exorbitant prices of today being cause by the Russo-Ukrain war. The plan is the largest release in history of the Strategic Petroleum Reserve (SPR) of 1 million barrels a…
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1/3 Brits are eager

The UK may be reliant on energy imports within 15 years

The UK may be reliant on energy imports within 15 years: Offshore Energies UK (OEUK) published a report that warns that the UK will keep importing more gas and oil from foreign countries in the future unless the decline in investments in the sector reverses. An industry body warned that production of all UK oil…
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