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The government of Ecuador and indigenous leaders signed a deal to declare a temporary development moratorium on 15 oil blocks and suspend new mining contracts until a law about prior community consultations is in place.

Ecuador Inks Temporary Oil Moratorium Deal With Indigenous Groups

India's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable

Indian Oil Minister Says Oil At $110 A Barrel Not Sustainable

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