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OPEC+ Sending Mixed Signals About Deeper Output Cuts

OPEC and its allies sent mixed signals about whether they were considering deeper production cuts, fanning oil-market speculation before crucial talks in Vienna this week. Iraq, which has the worst record among major producers of implementing the group’s current supply deal, pushed for steeper cutbacks. Oil Minister Thamir Ghadhban said the group should remove another

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Greenpeace Banned from Unmanned North Sea Oil Platforms

A energy company has won a court order which prevents environmentalists from boarding unmanned North Sea installations. Lawyers acting for Shell obtained an interim interdict against Greenpeace at the Court of Session in Edinburgh on Wednesday. The firm launched a legal action after protesters boarded platforms in the Brent field off Shetland last month. Hot

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Colombia Seeks $1 billion Ecopetrol Dividend, Amid Massive Civil Unrest

Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations. The finance ministry called a meeting of shareholders to discuss its proposal for the company to distribute 3.7 trillion pesos ($1.1 billion) in a special dividend. Since the Colombian

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