Energy & Mining
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ECB Study: Oil Supply Shocks Hit US Markets Hard, but Hormuz War Reaction Was Muted
LONDON, July 8 — Oil prices surged 6% today as markets priced in the risk of a major…
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Why Oil Rose Only About 3% When Iran Declared the Strait of Hormuz Closed
MANILA, July 8 — For communities across Asia that rely on stable energy prices to keep their economies…
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Iran War Shuts Strait of Hormuz and Pushes Oil to $119 a Barrel
LONDON, July 8 — For all the noise around the geopolitics of the Persian Gulf, the salient point…
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Chalmers Warns Iran Ceasefire Breakdown Threatens Growth and Inflation
SINGAPORE, July 8 — The global petroleum market is holding its breath, watching a narrow stretch of water…
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Saudi Arabia Reroutes Oil Through Desert Pipeline After Hormuz Closure
MANAMA, July 8 — The Strait of Hormuz remains the world’s most critical oil transit chokepoint, a narrow…
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Ukrainian Drones Hit Ryazan Refinery, Ending Pause in Energy Strikes
LONDON, July 8 — Against this backdrop of escalating conflict in the Black Sea, Ukraine’s recent strikes on…
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The Economic Impact: How Oil Revenue Funds Russia’s War Machine
MOSCOW, July 8 — The shift is already underway in the Black Sea and the Baltic, and it…
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Oil Prices Jump Nearly 6% After Trump Ends Iran Ceasefire
WASHINGTON, July 8 — On March 30, 2025, President Donald Trump declared the ceasefire agreement with Iran “over,”…
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Oil Back Above $100 as US Gasoline Hits $4.44 and Fed Raises Rates
WASHINGTON, July 8 — The pump price shock that began in late March is still rippling through the…
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Gasoline Prices Push US Inflation to 3.4% in August as Fed Rate Rise Looms
NEW YORK, July 8 — On the ground in American fuel markets, the price signals are flashing sharp…
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Russia Halts Crude Loadings at Novorossiysk’s Sheskharis Terminal After Drone Attack
NOVOROSSIYSK — The black smoke has long since cleared from the waters off Russia’s largest oil export port,…
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OPEC+ Quotas, Shipping Chokepoints and Reserves Drive Oil Futures in 2026
NEW YORK, July 8 — The bottom line: a single statement from President Donald Trump sent oil prices…
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Strait of Hormuz Closure Could Push Oil Past $98 and Cut Global Growth, Dallas Fed Says
MUSCAT, July 8 — Global energy markets are watching a narrow stretch of water with renewed concern this…
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Oil Prices Surge 6% After Trump Declares US-Iran Ceasefire Over
WASHINGTON, July 8 — The headline number: 5.8 percent. That is how much Brent crude futures surged on…
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Oil Above $100 Pushes Up Gasoline, Groceries and Heating Costs, Analysts Warn
WASHINGTON, July 8 — The nearly 6% jump in oil prices on March 30 is about to hit…
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Oil Reserves and Shipping Chokepoints Leave Global Supply Exposed, Analysis Finds
WASHINGTON, July 8 — A 21-mile-wide maritime chokepoint carries roughly one-fifth of the world’s daily oil consumption. That…
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Strategic Petroleum Reserve Falls to 284.6 Million Barrels, Lowest Since 1982
WASHINGTON, July 8 — The Strategic Petroleum Reserve, America’s emergency cushion against crude supply disruptions, sits at 375…
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US Strikes on Iran Rattle Global Oil Prices and Supply
TEHRAN — The aftershocks of a single day of military action are still being felt in global energy…
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Ukrainian Drones Hit Russia’s Largest Oil Refinery in Omsk, Siberia
ST. PETERSBURG, July 7 — The shift is unmistakable: a strategic strike on a flagship refinery has opened…
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Ukrainian Drones Hit Russia’s Omsk Refinery a Second Time After July Shutdown
MOSCOW, July 7 — When a Ukrainian drone struck the Omsk Refinery on August 26, 2024, the shockwaves…
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Ukraine Strikes Omsk Refinery, Russia’s Largest, 2,500 km From the Border
OMSK, July 7 — The Omsk Oil Refinery, Russia’s largest crude processing facility, has become a recurring target…
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Ukrainian Drone Strike Halts Omsk Refinery, Russia’s Largest, Industry Sources Say
OMSK, Siberia — The idea that Siberia’s vastness offered a natural shield from conflict is quietly slipping away.…
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Ukraine Says Strikes Have Disabled Over 51% of Russia’s Oil Refining Capacity
MOSCOW, July 7 — The shift is subtle but unmistakable: Russia’s refining machine, once a sprawling engine of…
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Russia’s Novak Oversees Energy Infrastructure as Deputy PM
MOSCOW, July 7 — The shift is subtle but unmistakable in Russia’s energy command structure. Alexander Novak, the…
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