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Iranian Foreign Minister Araghchi traveled to Baghdad to attend the OIC Foreign Ministers' Meeting.
According to Iran's state broadcaster (IRIB), Iranian Foreign Minister Araghchi has departed for Baghdad to attend the Organization of Islamic Cooperation (OIC) Council of Foreign Ministers meeting. T
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IRGC says oil supertanker hit mine in Strait of Hormuz, catches fire
Iran’s Islamic Revolutionary Guard Corps (IRGC) navy says a supertanker carrying over two million barrels of crude oil struck a sea mine and caught fire while attempting to cross the Strait of Hormuz
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A Volatile Week Ends with Tech Stocks Down, Oil Up
A Volatile Week Ends with Tech Stocks Down, Oil Up.
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Brent crude oil hits $110 as Iran escalates Strait of Hormuz attacks.
Brent crude futures hit an intraday high of $110 per barrel on Friday, the first time since May, closing up 3.7% at $109.86. West Texas Intermediate (WTI) crude rose 3.5% to $101.41 per barrel. This w
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The U.S. Department of Energy is soliciting proposals for an exchange of up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR).
The U.S. Department of Energy is soliciting proposals for an exchange of up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR).
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Iran has reportedly exported 4.1 million barrels of liquefied petroleum gas (LPG) since July, breaking through the U.S. Navy's blockade; crude oil exports fell to zero in September.
Iran has reportedly exported 4.1 million barrels of liquefied petroleum gas (LPG) via at least eight tankers since July, despite a U.S. Navy blockade. Additionally, a shipment of Iranian jet fuel has
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Vitol: Ship-Fuel Squeeze Persists Despite More Hormuz Crude
A top Vitol Group executive stated that accelerating crude exports through the Strait of Hormuz are not translating into higher production of dirty shipping fuel, leading to tightening supplies and so
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Oil was set for a second weekly advance as increasing Middle East supply risks weighed against a fresh release of emergency reserves.
Oil was set for a second weekly advance as increasing Middle East supply risks weighed against a fresh release of emergency reserves.
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U.S. commercial crude oil inventories fell more than expected, with distillate stockpiles also decreasing while gasoline inventories unexpectedly rose.
U.S. commercial crude oil inventories decreased by 8.6 million barrels to 415.6 million barrels in the week ending October 9, far exceeding the market's consensus expectation of a 288,000-barrel reduc
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CNBC reporter Brian Sullivan analyzed that the "actual" price of physical crude oil could be $30-40 higher than current levels due to soaring tanker freight rates.
CNBC reporter Brian Sullivan analyzed that the "actual" price of physical crude oil could be $30-40 higher than current prices due to soaring tanker freight rates. He stated that chartering a Very Lar
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Prices for 15-year-old oil tankers now exceed new builds as U.S.-Iran military conflict forces shippers to bypass Strait of Hormuz, exacerbating long delivery times
Prices for 15-year-old oil tankers now exceed new builds as U.S.-Iran military conflict forces shippers to bypass Strait of Hormuz, exacerbating long delivery times
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Al Jazeera Analysis: Trump Rules Out Attacking Iran Before Midterm Elections, But Strait of Hormuz Attacks Surge, Oil Shipments Drop to Monthly Low
Al Jazeera cited military analysts who noted that US President Donald Trump had stated on social media that he would not attack Iran before the midterm elections, but also claimed at the Republican co
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Saudi Aramco is offering more spot crude oil cargoes into the European market for late October to mid-November delivery, three trade sources say
Saudi Aramco is offering more spot crude oil cargoes into the European market for late October to mid-November delivery, three trade sources say
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Soaring oil freight costs threaten fuel supply
Soaring oil freight costs threaten fuel supply
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Saudi-led coalition intercepts Houthi missile towards Riyadh; Houthis claim attacks on Aramco facilities and airport
The Saudi-led coalition announced it intercepted a Houthi ballistic missile launched towards Riyadh. The Houthis claimed to have targeted Aramco facilities in Dhahran, an Aramco refinery in Riyadh, an
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Analysis indicates the Trump administration allegedly intervened in an oil market investigation, with a senior CFTC advisor reportedly demanding the withdrawal of an insider trading complaint regarding short selling before the oil price crash on March 23.
According to Protos' analysis, before Donald Trump withdrew his threat to strike Iranian power plants on March 23, which led to a 14% plunge in Brent crude oil futures prices, traders had shorted over
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Saudi Aramco's new refinery joint venture in China receives first crude oil shipment
Saudi Aramco's new refinery joint venture in China receives first crude oil shipment
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Oil prices rise as Mideast tensions escalate between Iran-backed Houthis and Saudi Arabia, Brent crude up 1.24% to $107.02
Oil prices rose on Wednesday amid concerns over supply disruptions due to escalating tensions in the Middle East. Brent crude for December delivery gained 1.24% to $107.02 a barrel, while U.S. West Te
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Legendary investor Paul Tudor Jones is comprehensively bearish on US stocks, stating he will short them for the entire next year.
Paul Tudor Jones, founder of Tudor Investment, issued a rare comprehensive bearish signal for U.S. equities on CNBC on Tuesday, warning that 2027 would be "very, very difficult" for the stock market.
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US Strategic Petroleum Reserve crude oil stocks were unchanged at 283 million barrels last week, the lowest level since October 1982
US Strategic Petroleum Reserve crude oil stocks were unchanged at 283 million barrels last week, the lowest level since October 1982
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Decline in Russian Crude Output Slowed in September, OPEC Says
The pace of decline in Russia’s crude production slowed in September as the country shipped more oil overseas, while its refiners remained under pressure.
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OPEC+ crude oil production increased by 900,000 barrels per day in September, with Saudi Arabia's output soaring to 8.37 million barrels per day.
OPEC+ crude oil output increased by 900,000 barrels per day (bpd) in September, reaching 39.07 million bpd. Saudi Arabia's September output surged from 6.24 million bpd in August to 8.37 million bpd.
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Iran warns U.S. of military consequences as oil prices rise
Iranian officials have issued fresh warnings against U.S. military action, adding to geopolitical tensions in the Middle East. Iran's Deputy Foreign Minister warned that another U.S. military operatio
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Chinese Refiners to Slow Oil Reserve Drawdowns This Month as Crude Imports Recover, According to Energy Aspects
Chinese Refiners to Slow Oil Reserve Drawdowns This Month as Crude Imports Recover, According to Energy Aspects
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According to Kpler data, global crude refinery throughput plummeted by 4.8 million barrels per day (6%) in the second quarter due to the Middle East conflict at the end of February 2026, before rebounding by 1.8 million barrels per day in the third quarter, mainly as refineries adapted to new trade flows.
According to Kpler data, global crude refinery throughput plummeted by 4.8 million barrels per day (6%) in the second quarter due to the Middle East conflict at the end of February 2026, before reboun
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Bloomberg: Russian crude oil shipments increased to an average of 3.65 million barrels per day in the four weeks ending November 1, up by 60,000 barrels per day from the previous week, despite higher refinery utilization rates during a pause in Ukrainian attacks.
Bloomberg: Russian crude oil shipments increased to an average of 3.65 million barrels per day in the four weeks ending November 1, up by 60,000 barrels per day from the previous week, despite higher
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Oil prices rose on Tuesday, with Brent crude up 1.75% to $106.60 per barrel, following reports of a US attack on Iran's Qeshm Island on Monday.
Oil prices rose on Tuesday after reports of a U.S. strike on Iran's Qeshm Island on Monday, with Brent crude up 1.75% to $106.60 per barrel and West Texas Intermediate (WTI) crude up 1.7% to $98.10 pe
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Oil prices steady at $106 after sharp declines
Crude prices stabilised on Tuesday as traders awaited developments in the Middle East.
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Gold stabilized after posting its biggest two-month gain on Monday, boosted by hopes of peace talks between the US and Iran.
Gold stabilized after posting its biggest gain in two months on Monday, boosted by hopes for peace talks between the US and Iran. Market optimism about a breakthrough in negotiations sent oil prices t
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U.S. gasoline prices fall ahead of midterm elections; Brent crude drops over 6% on U.S.-Iran diplomatic progress.
U.S. gasoline prices fell ahead of the midterm elections, with Brent crude dropping over 6% due to diplomatic progress between the U.S. and Iran. On Monday, the average price for regular gasoline in t
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Gulf Arab Oil Giants Export Crude at Pre-War Rates Again, boosting global supply and tempering prices.
Gulf Arab Oil Giants Export Crude at Pre-War Rates Again, boosting global supply and tempering prices.
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Vitol CEO: Oil market may face a "pretty difficult" situation in spring, oil demand needs a year to recover to 2025 levels
Vitol CEO: Oil market may face a "pretty difficult" situation in spring, oil demand needs a year to recover to 2025 levels
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Stock futures recover after Friday's selloff; oil slides on signs Mideast escalation may be avoided for now.
Stock futures recover after Friday's selloff; oil slides on signs Mideast escalation may be avoided for now.
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Equity index futures rose and oil prices fell as investors cautiously returned to risk assets after last week's tech sell-off.
Equity index futures rose and oil prices fell as investors cautiously returned to risk assets after last week's tech sell-off.
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Oil prices fall over 3% as hopes for US-Iran diplomatic progress emerge
Brent crude futures fell 3.2% to $109.75 a barrel, while US West Texas Intermediate (WTI) crude dropped 3.3% to $100.69. According to Reuters, the decline is attributed to renewed hopes for diplomatic
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Iranian state media reports: Two oil tankers hit mines in the Strait of Hormuz on an "unauthorized route."
Iranian state media reports: Two oil tankers hit mines in the Strait of Hormuz on an "unauthorized route."
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Al Jazeera: Iran believes its control over the Strait of Hormuz is its biggest leverage in the war
Al Jazeera, citing IRGC statements, reported that Iran believes its control over the Strait of Hormuz is its biggest leverage in the war, contradicting US and CENTCOM claims that the Strait is not und
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Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz, with October attacks doubling but flows only down 2% from September
Commercial ship attacks in the Strait of Hormuz doubled in October compared to September, with at least 30 vessels hit. However, crude oil exports through the strait averaged nearly 11.1 million bpd i
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UAE authorities brought oil tanker leak under control, clean up continues
UAE authorities brought oil tanker leak under control, clean up continues after a Panama-flagged crude supertanker was reportedly struck by an unknown projectile off the UAE coast on October 9. No new
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Brent crude up 60% from pre-Iran war levels despite supply rebound, analysts cite escalation fears, dwindling stocks.
Brent crude prices have surged over 60% compared to pre-Iran war levels, briefly topping $117 a barrel on Friday, even as oil flows from the Gulf have increased. Market analysts attribute the persiste
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UKMTO: Tanker attacked with explosive devices in Strait of Hormuz, crew safe
The United Kingdom Maritime Trade Operations (UKMTO) reported that a tanker was attacked with two explosive devices in the Strait of Hormuz, causing a fire in the engine room and temporarily disabling
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Oil prices rose on Friday, with Brent crude surpassing $115, due to Houthi attacks on Saudi energy facilities and heightened tensions in the Strait of Hormuz.
Oil prices rose in early Friday trading, with Brent crude futures up 0.75% to $115.74 per barrel and US WTI crude up 0.71% to $102.72. This follows claims by Yemen's Houthi rebels of attacks on Saudi
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Houthis claim six attacks on Saudi Arabia airports and oil facilities, including Ras Tanura and Abqaiq refineries
Houthi spokesperson Yahya Saree claimed the group’s forces have conducted six military operations against Saudi Arabia, targeting the Ras Tanura and Rabigh oil refineries, Aramco's Abqaiq facility, Ki
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EPA projects Trump's methane policy rollback would minimally impact 2027 crude prices, lowering them by 11 cents a barrel
The Environmental Protection Agency (EPA) projects that U.S. President Donald Trump's proposed rollback of methane emissions rules would lower U.S. crude prices by 11 cents a barrel in 2027, or 0.14%.
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Oil prices fell in early trading, with Brent crude down 0.7% to $114.50/barrel and WTI crude down 1.0% to $101.74/barrel.
Oil prices fell in early trading, with Brent crude down 0.7% to $114.50 a barrel and WTI crude down 1.0% to $101.74 a barrel. The decline offset the previous day's gains, as the market held out hope f
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Petrobras, Brazil's state-owned oil company, reported record-high Q3 production, up 12% year-over-year to 3.51 million barrels of oil equivalent per day, helping Brazil mitigate the impact of the Iran war on oil markets.
Petrobras, Brazil's state-owned oil company, reported record-high Q3 production, up 12% year-over-year to 3.51 million barrels of oil equivalent per day, helping Brazil mitigate the impact of the Iran
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Nikkei: Japan to See New Round of Food Price Hikes as Middle East Turmoil Drives Up Tanker Shipping Costs
Nikkei Asia reported that Japan may face a second wave of food price hikes. Ongoing Middle East instability has driven up prices for naphtha-derived container materials and crude oil tanker freight ra
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Bank of Canada raises GDP growth and inflation forecasts, expects Brent crude oil prices to reach $100/barrel
The Bank of Canada has raised its economic growth and inflation forecasts for the next two years. The bank increased its 2026 GDP growth projection from 0.7% to 1.0%, and its 2027 forecast from 1.8% t
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