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Global Imbalances are Back, and There’s No Fix in Sight: McGeever

CDN and International News, Energy Commentary, Energy Topics & Technology, Latest / By

(Reuters) – Remember global imbalances? They’re back. In a fractured world increasingly marked by self-interest and protectionism, the prospects for a coordinated response among the major economic powers to fix them and avert a crisis look remote. The U.S. current account deficit – and the corresponding surpluses of China, oil producers, the euro zone, and …

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Global Energy Stocks Plunge as US-Iran Ceasefire Hits Oil

CDN and International News, Conventional Energy, Energy Topics & Technology, Finance, Latest, Oil / By

By Pooja Menon, Joel Jose and Danilo Masoni April 8 (Reuters) – U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into oil prices ​due to fears of supply disruption through the Strait of Hormuz. Oil fell below $100 per barrel after …

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Airline and Travel Industries See No Immediate Relief From Iran Ceasefire

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By Yi-Chin Lee, Julie Zhu and Alessandro Parodi IATA chief Walsh says months before jet fuel supplies recover Refinery damage may delay jet fuel supply recovery, says Walsh Delta expects $2 bln extra costs from jet fuel in Q2 Airline shares rally on ceasefire and Hormuz reopening hopes TUI assessing how to get stranded cruise …

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Iran Could Open Strait of Hormuz in a Controlled Way Ahead of Meeting with US, Senior Iranian Official Says

CDN and International News, Conventional Energy, Latest, Oil / By

Iran could open the Strait of Hormuz in a limited and controlled way on Thursday or Friday ahead of a meeting between U.S. and Iranian officials in Pakistan, a senior Iranian official, involved in the talks, told Reuters on Wednesday. “If an understanding on a framework for talks is reached, the strait could be opened …

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Deal, Delay or Strike? Investors on Edge as Trump’s Iran Deadline Nears

CDN and International News, Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

(Reuters) – Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S. President Donald Trump for Iran, with investors weighing various outcomes ranging from a ceasefire to renewed military escalation and their implications for oil, currencies and risky assets. Iran showed no sign of agreeing to Trump’s demand that …

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Heads of IEA, IMF, World Bank to Meet Next Monday to Discuss Energy Crisis

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(Reuters) – The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. “This energy crisis calls for all hands on deck & international cooperation,” Birol said on social media platform …

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Governments Worldwide Shield Households From Rising Energy Costs

CDN and International News, Conventional Energy, Latest, Natural Gas, Oil / By

April 7 – Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. Here’s how different countries are responding: INDIA India will review its fuel exports if needed to ensure availability in the local markets, a government official said. India is assessing fuel-supply requests from its neighbours …

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Russia’s Major NORSI Oil Refinery Halted Operations After Sunday Drone Attack, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

MOSCOW, April 7 (Reuters) – NORSI, Russia’s fourth-largest oil refinery, suspended operations on April 5 following a Ukrainian ​drone attack, two industry sources said ‌on Tuesday. The temporary closure of the refinery will add further uncertainty to Russia’s energy sector, which has been ​hit by continuous Ukrainian attacks, including ​those hitting its major oil exporting …

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