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January 3, 2020

Iran vows to retaliate over the killing of its top military commander- oil and gas 360

Iran vows to retaliate over the killing of its top military commander

January 3, 2020

CNBC Iran has vowed to retaliate over the assassination of the country’s top military commander Major-General Qasem Soleimani. Iranian Foreign Minister Mohammad Javad Zarif warned Friday that the targeted killing of Soleimani was “extremely dangerous & a foolish escalation.” “The U.S. bears responsibility for all consequences of its rogue adventurism,” Zarif said on Twitter. Soleimani, head of Iran’s elite Quds Force,

Leaders from Israel, Cyprus, Greece sign EastMed gas pipe deal-oil and gas 360

Leaders from Israel, Cyprus, Greece sign EastMed gas pipe deal

January 3, 2020

Houston Chronicle Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attended in Athens Thursday the signing ceremony for the accord to construct the Eastern Mediterranean natural gas pipeline. The 1,900-kilometer (1,181 miles) link will connect recently discovered, and to-be-found, gas fields in the eastern Mediterranean basin with European markets through Cyprus, Greece and

U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count down 9 this week, at 796

January 3, 2020

This week’s Baker Hughes rig count shows that U.S. numbers decreased by 9, resulting in the total count decreasing to 796 rigs. Canada decreased over last week by 14 rigs, resulting in a total Canadian count of 85 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Ardmore Woodford region saw an increase this week. Meanwhile,

Oil prices ‘could make a run at $80’ if US-Iran conflict intensifies, analysts say- oil and gas 360

Oil prices ‘could make a run at $80’ if US-Iran conflict intensifies, analysts say

January 3, 2020

CNBC Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a U.S. airstrike killed key Iranian and Iraqi military personnel. International benchmark Brent crude traded at $68.65 Friday morning, up more than 3.6%, having earlier spiked to an intraday high of

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