Author: Anthony Di Paola
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OPEC Heavyweights Boost Oil Prices as Sanctions Hit Russian Flow
by Bloomberg | Anthony Di Paola | Monday, February 10, 2025 | 4:00 PM EST Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by the most in years, and may help bring in additional petrodollars to meet crucial funding needs. Iraq, the second-biggest supplier in the…
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Why Iran’s Blackouts Keep Happening Despite Vast Gas Reserves
by Bloomberg | Anthony Di Paola | Saturday, November 16, 2024 | 7:00 AM EST Iran has the world’s second-biggest reserves of natural gas, but that’s still not enough for the country to keep the lights on this winter. The Persian Gulf nation is facing wide-reaching power outages — including scheduled blackouts across Tehran and other major cities…