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US troops also train and equip what Washington sees as moderate Arab and Kurdish forces east of the Euphrates River and at the al-Tanf military base, close to the border with Iraq and Jordan.
OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...
“There’s a much much larger risk of a big price drop to $50 or $60 than there is to something like the $80+ range," Tom Kloza, OPIS global head of energy analysis told Yahoo Finance.
The government doubled public sector salaries in August (to 85,940 Syrian pounds, worth $21.76 at the official exchange rate or $12.40 at the market rate), but increased fuel prices (to 8,000 Syrian pounds -$0.53- per litre from 3,000 pounds, and fuel oil to 2,000 pounds per litre from 700 pounds) and had been reducing subsidies for necessities ...
Oil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in the ...
The previous cuts gave little lasting boost to oil prices. International benchmark Brent crude climbed as high as $87 per barrel but has given up its post-cut gains and been loitering below $75 ...
About 21% of the world’s oil flows through the strait, and anything that threatened that supply would send oil prices well above $100 per barrel, and maybe above $150. US gasoline prices would ...
Energy subsidies are measures that keep prices for customers below market levels, or for suppliers above market levels, or reduce costs for customers and suppliers. [1] [2] Energy subsidies may be direct cash transfers to suppliers, customers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market ...