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Oil prices fell in early Friday trading amid optimism that Middle East tensions may ease, as a ceasefire between Lebanon and Israel began and Donald Trump signaled possible renewed talks between the U...
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Oil prices fell by more than 9% after Iran announced the full reopening of the Strait of Hormuz, easing concerns over global supply disruptions.Wall Street Journal reported the drop was driven by resu...
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State Organization for Marketing of Oil announced loading Iraqi oil at Baniyas Port for export to Europe.Director Ali Nizar said the first shipment was loaded.After unloading at Baniyas refinery in Sy...
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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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