Oil
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OPEC+ keeps output steady despite rising geopolitical tensions
VIENNA, July 21 — The 23-nation OPEC+ alliance holds a spare production capacity of roughly 4 to 5…
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Bab el-Mandeb: Critical chokepoint for global oil and trade
CAIRO, July 21 — The Bab el-Mandeb strait, a narrow chokepoint between the Red Sea and the Gulf…
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U.S. oil reserve falls to its lowest level since 1983 as Trump releases barrels
WASHINGTON, July 21 — The underground salt caverns of the Strategic Petroleum Reserve, buried deep in the earth…
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Strait of Hormuz: 104-mile chokepoint central to 2026 energy crisis
MUSCAT, July 20 — The Strait of Hormuz, a narrow waterway connecting the Persian Gulf with the open…
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Strait of Hormuz Closure Drives Fuel Prices and Subsidy Bills Up Across Southeast Asia
MANILA, July 20 — For the ten economies of Southeast Asia, a hypothetical closure of the Strait of…
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Houthi Blockade Threat at Bab el-Mandeb Adds to Hormuz Oil Crisis
MANAMA, July 20 — The Bab el-Mandeb strait, whose Arabic name translates to “Gate of Tears,” is among…
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US Strategic Petroleum Reserve Falls to 357.1 Million Barrels, Lowest Since January 2024
WASHINGTON, July 19 — The Strategic Petroleum Reserve sits at roughly half its size from just a few…
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Oil at Risk: The Economic Stakes of the U.S.-Iran Standoff
WASHINGTON, July 19 — Global oil markets have long kept a nervous eye on the Strait of Hormuz,…
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Hormuz Disruption Pushes Brent Crude Above $120 a Barrel
DUBAI, July 19 — The Strait of Hormuz, a 39-kilometer-wide chokepoint between Oman and Iran, carries roughly 20…
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Tories Win Aberdeen South By-Election in Contest Fought Over North Sea Jobs
ABERDEEN, July 17 — The June 2026 byelection in Aberdeen South sent a clear signal about what matters…
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Bay Mills Indian Community and Michigan fight Enbridge over Line 5 tunnel under the Straits of Mackinac
WASHINGTON, July 17 — The story begins not with a shovel breaking ground, but with a legal battle…
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Russian Oil and Gas Still Fund the War Despite Sanctions, 2026 Data Shows
BRUSSELS, July 15 — The shift is unmistakable. Europe’s energy relationship with Russia, once a pillar of continental…
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Strait of Hormuz Disruption Sends Brent Above $100 and Cuts Gulf Oil Exports by 60 Percent
WASHINGTON, July 15 — A partial closure of the Strait of Hormuz could remove 5 to 10 million…
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Strait of Hormuz: History of World’s Key Oil Chokepoint
TEHRAN, July 15 — The waters of the Strait of Hormuz have a long memory, and for the…
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How the Petrodollar System Took Shape After the 1973 Oil Shock
LONDON, July 14 — The mechanism that has underpinned global oil trade for half a century is the…
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Oil Transit Data Reveals Tanker Traffic and Economic Dependence
LONDON, July 13 — The United States Energy Information Administration has published a detailed assessment of the Strait…
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Trump’s Strait of Hormuz toll sparks global oil market jitters
WASHINGTON, July 13 — For the families in Japan, India, and South Korea, the price of a tank…
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Oil steadies above $78 after Trump drops 20% Hormuz cargo fee
LONDON, July 14 — The global shipping industry and oil markets are breathing a collective sigh of relief…
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Iran Sanctions, War Risk Threaten Global Oil Prices
TEHRAN, July 14 — Iran’s oil exports have been slashed to a fraction of their former volume, and…
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Iran war and Hormuz closure push oil, gas and fertilizer prices up worldwide
TEHRAN, July 13 — For communities across Asia watching the Strait of Hormuz, the figure of Iran’s Supreme…
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Strait of Hormuz closure passed 94 days as oil topped $120 a barrel
DUBAI, July 13 — The Strait of Hormuz, a narrow 33-kilometer-wide waterway between Iran and Oman, has long…
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Kpler Analyst Suspects Gulf States Pay Iran Tolls to Move Oil Through Hormuz
BEIJING, July 13 — Brent crude oil futures rose 3.2 percent to $87.50 per barrel on March 18,…
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Drone Strikes on Baltic Ports Cut Russian Oil Exports by About $970 Million in a Week
MOSCOW, July 13 — Russia’s oil exports declined by 10% in 2024 compared to the previous year, according…
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US Says 17 Million Barrels Crossed Hormuz as Ship Tracking Shows Far Fewer Vessels
MANAMA, July 13 — The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the wider…
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