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• Oil gains after OPEC+ maintains output cuts

  Oil prices rose on Friday following a decision by OPEC+ to keep its oil output policy unchanged, although benchmarks were headed for weekly losses amid unsubstantiated reports of a ceasefire between I...

• Decarbonization alliance commits to reducing emissions by over 50%

  Over 60 top executives and knowledge partners of the Alliance for Industry Decarbonization (AFID) held a roundtable at COP28 on Dec. 5 and committed to raising decarbonization ambitions through tangib...

• DIABOS, Veson redefine port cost management for shipowners and operators

  DIABOS Global Fze, leading port cost management solution, and Veson Nautical, the global market leader of maritime freight management solutions, Wednesday announce an evolved product partnership that ...

• Oil prices climb as supply shortage concerns outweigh demand worries

  Singapore -- Oil prices rose on Friday, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough

• Oil drops 1.5% as Fed projects more rate hikes this year

  Oil prices fell 1.5% on Wednesday after the U.S. Federal Reserve projected more interest rate hikes this year, worrying markets about demand just hours after government data showed an unexpected, larg...

• Fossil fuel demand shakes off pandemic in blow to climate fight

  Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil not far behind, dealing a setback to hopes the pandemic would spur a faster transition to clean energy from fossil fuels.