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Brent neared its all time high after the invasion of Ukraine and has since climbed down to $105 It is uncertain whether Johnson would be able to persuade Saudi Arabia the world s largest oil
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· Petrol pump rates in the US are at a historic high and British isles petrol price ranges are mounting at their speediest price in 13 years Russia exports about five million barrels of oil a day Saudi Arabia has about two million barrels a day value of spare capacity and the United Arab Emirates a single million a day
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· Yuan jumps after report on Saudis weighing its use in oil deals The offshore yuan climbed as much as % to per dollar Published March 15 2022 21 01 Bloomberg The Saudis still plan to
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· According to a 2022 investigation by the Declassified UK website British personnel are stationed across 15 sites in Saudi Arabia The UK offered its help and sent 25 troops after two Saudi Aramco oil processing facilities were targeted by a drone strike causing significant damage and temporarily disrupting the production of oil in September 2022
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· Name the products produced from crude oil Answer Diesel petrol kerosene wax plastics and lubricants Question 42 Name the chief petroleum producing countries Answer Iran Iraq Saudi Arabia Qatar USA Russia Venezuela and Algeria Question 43 Name the leading oil producer states of India Answer i Digboi in Assam ii Bombay
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Oil prices are under pressure as the Russia Ukraine conflict continues to dominate market sentiments Russia is the world s second top producer of crude oil after Saudi Arabia
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