Oil prices rise on China optimism as investors return after holiday
- Oil prices have risen due to optimism from stock draws in the U.S. And China's economic stimulus efforts, with Brent futures nearing $76 per barrel.
- The U.S. President is preparing a decree to permanently ban offshore drilling in biodiversity-sensitive coastal waters under the 1953 Outer Continental Shelf Lands Act.
- China's Ministry of Commerce proposed additional export restrictions on battery and critical mineral processing technologies, focusing on lithium processing.
- The Greater Tortue Ahmeyim liquefaction terminal in Senegal and Mauritania achieved first gas this week, with its first cargo expected in the first quarter.
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Total News Sources0
Leaning Left2Leaning Right4Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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