Oil
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Brent Crude Nears $100 as U.S. Strikes Iranian Tankers, Iran Vows Response
WASHINGTON, July 9 — Oil prices are once again in the crosshairs of geopolitics, and the numbers help…
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Shale Boom Made the US the Top Oil Producer, but Debt Now Threatens It
ODESSA, Texas, July 9 — On a scrub-blasted patch of West Texas where the wind never seems to…
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Brent Crude Jumps to $112.2 a Barrel as Iran Conflict Disrupts Gulf Shipping
LONDON, July 9 — The shift is subtle but significant. Oil markets are recalibrating risk, and the price…
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Crude Oil Nears $104 a Barrel as Iran Tensions and Tanker Incidents Rattle Markets
LONDON, July 9 — Oil prices surged on July 5, 2024, after the United States imposed sanctions on…
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U.S. Strategic Petroleum Reserve Falls to 316.5 Million Barrels as Hormuz Crisis Drags On
WASHINGTON, July 9 — The Strategic Petroleum Reserve, the world’s largest emergency crude oil stockpile, sits at roughly…
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The 1970s Oil Crises and Their Long Economic Shadow
ROME, July 9 — Against this backdrop of simmering tensions across the Middle East and Eastern Europe, the…
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Beyond Oil: Helium, Fertiliser and LNG Also Pass Through the Strait of Hormuz
MANAMA, July 9 — For communities across Asia that depend on imported energy, the Strait of Hormuz is…
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Crude Oil Nears $104 Again as Iran Tensions Threaten Gas, Grocery and Heating Costs
NEW YORK, July 9 — The shockwaves from a White House trade announcement five months ago are still…
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Hormuz Crisis Echoes 1973 Embargo as Asia Rethinks Energy Security
NEW YORK, July 9 — The mechanics of oil shocks and their effect on Wall Street follow a…
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Oil Heads for Sharpest Weekly Gain Since Mid-July as US-Iran Fighting Flares
SINGAPORE, July 8 — Crude oil prices climbed sharply today, with West Texas Intermediate crude rising above $[price]…
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Gas Prices Jump 43 Cents in a Week as Iran Strikes Send Oil Soaring
WASHINGTON, July 8 — The math on oil prices and inflation is straightforward, but the consequences ripple through…
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Oil Above $100 Pushes U.S. Gasoline to $4.44 and Diesel to a Record
WASHINGTON, July 8 — The 5.8 percent surge in oil prices on March 30, 2025, is set to…
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How Oil Markets React to Geopolitical Shocks
NEW YORK, July 8 — By the numbers, the oil market’s memory is long and its reflexes are…
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IMF Expects Global Oil Inventories to Fall to Five-Year Low by July
SINGAPORE, July 8 — Global oil inventories are sitting at their lowest level in five years, a fact…
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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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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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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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