Oil
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Trump Rules Out New Strikes on Iran as Nuclear and Strait of Hormuz Talks Progress
President Trump calls renewed military action unlikely as Iran faces 301 percent inflation and ongoing negotiations over its…
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Attacks on Russian Energy Cut Oil Revenue, Impact Markets
MOSCOW, July 13 — Ukraine’s campaign of strikes against Russian oil infrastructure is injecting a persistent dose of…
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How the G7 Oil Price Cap Pushed Russian Crude onto a Shadow Fleet
LONDON, July 19 — The price cap on Russian crude oil, a central plank of Western sanctions since…
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Ukraine’s Deep Strikes Damage Over Half of Russia’s Oil Refining Capacity, Defense Ministry Claims
KYIV — Ukraine’s sustained campaign of long-range strikes against Russian oil refineries has damaged more than half of…
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Iran’s Foreign Minister Meets US Envoy in New York as Strait of Hormuz Stays Closed
NEW YORK, September 23 — The Strait of Hormuz, the narrow waterway that carries roughly a fifth of…
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Iran War Pushes American Diesel Prices to Record Highs
BUDA, September 14 — At a Pilot gas station off the interstate here, the diesel pump tells the…
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Oil, Gas, Borrowing Costs Surge as Middle East Fears Escalate
WASHINGTON, September 17 — The effective closure of the Strait of Hormuz has pushed oil above $100 a…
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Ukraine’s Drone Campaign Squeezes Russian Oil Export Revenue
MOSCOW, July 14 — Against this backdrop of sustained Western sanctions and a grinding war of attrition, Russia’s…
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Saudi Arabia Shuts East-West Oil Pipeline After Houthi Attack
RIYADH, September 16 — A key Saudi oil pipeline has been shut down after a series of escalating…
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US Energy Secretary Says Damaged Saudi Pipeline Will Restart in Days, Analysts Warn of Weeks
RIYADH, September 15 — The East–West Pipeline, the Saudi artery that lets the kingdom’s crude reach the sea…
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Pfluger Bipartisan Bill Would Analyze Strategic Petroleum Reserve Updates
WASHINGTON, September 12 — A bipartisan push to overhaul the Strategic Petroleum Reserve is now sitting before the…
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Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack Sparks Fires
DUBAI, September 12 — Projectiles struck Saudi Arabia’s oil pipeline system, igniting fires at multiple locations, the kingdom’s…
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Aster Turns to Latin America, Africa as Mideast Oil Flows Falter
RIO DE JANEIRO, September 11 — Aster is turning to Latin America and Africa for crude oil supplies…
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Aster Shifts Crude Buying to Americas, Africa Amid ME Disruptions
SINGAPORE, September 10 — Aster Chemicals and Energy has shifted a substantial part of its crude procurement away…
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Russia Now Imports Fuel as War Economy Hits Its Limits
MOSCOW, July 10 — Vladimir Putin has now been in power in Russia for more than two decades,…
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US Refiners Face Import Crunch from Top Crude Seller
US refiners are facing a critical supply crunch from Canada, their largest foreign crude source, as planned maintenance…
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A 1982 Barrel Count in a 2026 War Market: Reading the SPR’s New Low
WASHINGTON, July 8 — The U.S. Strategic Petroleum Reserve sits at its lowest level since 1983, a stark…
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1973 Arab Oil Embargo Pushed Crude Prices Up Nearly 300 Percent
WASHINGTON, D.C., August 1 — History records a clear precedent for how significant disruptions to global oil supply…
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Iran War Oil Shock Hits Asia Hardest as Brent Swings Between $72 and $118
MANILA, July 30 — The global petroleum industry is bracing for a new shockwave after U.S. military strikes…
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U.S.–Iran Escalation Threatens Global Oil Supply, Prices
WASHINGTON, July 30 — The resumption of U.S. strikes against Iran, following the initial missile attack, has pushed…
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Sanctions on Russia: From the 2014 Crimea Measures to the 2022 Invasion and After
BRUSSELS, July 27 — The tally of international sanctions on Russia has now passed 16,000 since 2022. On…
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Iran’s Attack on Israel Pushes Oil, Gas and Gold Higher as Markets Brace
Against the backdrop of the Persian Gulf’s shimmering strategic waterways, the Strait of Hormuz once again occupies the…
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Houthi Blockade of Saudi Arabia Pushes Brent Crude Above $100 a Barrel
RIYADH, July 20 — The Houthi blockade declaration in the Red Sea has sent a jolt through global…
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Bab el-Mandeb Strait: the narrow gate that carries Gulf oil toward Suez
CAIRO, July 22 — The Bab el-Mandeb strait, a 20-mile-wide maritime passage whose Arabic name translates to “Gate…
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