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Oil prices edged higher to around $95 per barrel.Amid cautious optimism over easing tensions with Iran.Brent crude reached about $94.98.While WTI rose above $91.44.Markets remain volatile.Despite sign...
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Foreign Policy reported that tensions around the Strait of Hormuz have renewed focus on maritime routes as critical global trade infrastructure.China has been expanding its influence through port inve...
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Japan plans to release about 36 million barrels from its national oil reserves starting early May. The Ministry of Economy, Trade and Industry said contracts with refiners will be finalized by late Ap...
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The Syrian Petroleum Company announced unloading Iraqi fuel shipments at Baniyas. Ahead of re-export operations. In a move boosting Syria’s logistics role. As a strategic energy corridor. The company...
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The US Energy Information Administration reported declines in crude, distillate, and gasoline inventories in the United States for the week ending April 10. Crude inventories fell by 913,000 barrels t...
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The International Monetary Fund cut global growth forecasts. To 3.1% in 2026. A decrease of 0.2 percentage points. Due to regional war impacts. Especially tensions linked to Iran. Meanwhile, it raised...
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The International Energy Agency cut its global oil outlook. Due to Middle East war impacts. It expects global demand to fall. By 80,000 barrels per day in 2026. After previously forecasting growth. It...
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Mohsen Paknejad said oil sales were satisfactory. Over recent weeks. Despite war impacts and attacks. He noted part of revenues. Will repair sector damage. He confirmed production continued. Across oi...
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The Associated Press reported that 20,000 Indian sailors are stranded in the Strait of Hormuz. Under difficult humanitarian conditions. According to an Indian maritime union official. The situation is...
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OPEC announced a cut in global oil demand forecasts. For the second quarter of the year. Due to the Middle East conflict. The group said tensions impacted markets. Leading to slower consumption expect...
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