The latest oil and gas news from around the world.
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Oil is rocketing towards $100 per barrel, adding more than $14 in just a week.
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UK Prime Minister Andy Burnham has selected his energy team.
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Brent settled above $94 as traders weighed growing geopolitical risks and the potential for prolonged supply disruptions.
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Power blackouts hit energy-rich North Africa from Libya to Tunisia and Algeria.
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'The investment will reinforce the UAE's energy security and its role as a reliable global energy supplier', ADNOC said.
