Stock Market
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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 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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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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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 Jumps as US-Iran Ceasefire Collapses and Hormuz Control Is Disputed
WASHINGTON, July 8 — Donald Trump, the 45th and 47th president of the United States, has been a…
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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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Trump’s Iran ceasefire end sends oil prices surging
WASHINGTON, July 8 — President Donald Trump’s declaration on March 30, 2025, that the ceasefire with Iran is…
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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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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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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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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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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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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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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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Russia Bans Diesel Exports After Ukrainian Drone Strikes on Its Refineries
MOSCOW, July 7 — Russia’s oil refining sector processed approximately 275 million tons of crude oil in 2023,…
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MTN Uganda Restores Services After Data Centre Power Failure and Apologises
KAMPALA, July 7 — A power failure at a data center knocked out services for MTN Uganda customers…
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Kirishi Refinery, Russia’s Second-Largest, Halted After Repeated Drone Strikes
MOSCOW, July 7 — The shift is subtle but unmistakable. Russia’s largest oil refinery, the Kirishi refinery —…
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Strait of Hormuz Disruption Pushes Brent Above $90, UNCTAD Says
TEHRAN, July 7 — The Strait of Hormuz, a narrow waterway that has long been the flashpoint for…
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Global Oil Prices Surge as Strait of Hormuz Shipping Halts
DUBAI, July 7 — Global oil markets are still feeling the shockwaves from an attack more than a…
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Study Reveals Nordlys Laser Alters DNA Methylation in Human Skin
MARLBOROUGH, Mass. — The line between cosmetic dermatology and cancer biology just got thinner. A peer-reviewed study published…
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Natural gas falls to a two-month low near $2.87 as record output swells storage
Summer heat is the trigger. That much is clear from Tortoise Capital senior portfolio manager Brian Kessens, who…
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