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Crude Oil Futures Separate From Reality as Asia Physical Market Buckles: Russell

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

(Reuters) – Crude oil futures prices are reflecting a view that the market can successfully navigate the Iran war, while prices for physical cargoes and refined products are signalling an imminent crisis. Only one of these price signals is correct – and it’s not what is happening in the paper oil market. Global benchmark Brent …

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Goldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz Disruption

Latest, Oil, US News / By

Goldman Sachs raised its Brent and WTI crude oil price forecasts for the fourth quarter of 2026 to $71/67 per barrel from $66/62 as it sees longer disruption to oil flows in the Strait of Hormuz due to the U.S.-Israeli war on Iran. Brent prices have gained more than 36% since the war began on …

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Indian Source says Iran to Allow India-Flagged Tankers Through Hormuz as First Tanker Arrives

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

Summary Iranian source denies any such agreement Indian source says assurance came after foreign ministers spoke India says 28 Indian-flagged vessels around Strait They have 778 Indian sailors aboard Suezmax tanker Shenlong, carrying Saudi crude, reaches Mumbai (Reuters) – Iran will allow Indian-flagged tankers ​to transit the Strait of Hormuz, a conduit for 40% of …

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US to Release 172 Million Barrels of Oil From Strategic Petroleum Reserve

Conventional Energy, Latest, Oil, US News / By

The U.S. will release 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the U.S.-Israeli war on Iran, U.S. Energy Secretary Chris Wright said on Wednesday. Wright said the release is part of a broader release of 400 million …

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Oil Jumps 5% as Iran Escalates Attacks on Gulf Shipping

Conventional Energy, Latest, Oil, Tri-Pinned / By

  Summary Iranian boats attacked two tankers in Iraqi waters, port officials said Shipping through Strait of Hormuz still halted IEA proposed release of 400 million barrels may offer only limited relief, analysts say (Reuters) – Oil prices rose sharply ​on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, …

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Trump and Iran Signal No Quick End to War as Oil Tankers Burn in Iraqi Waters

Latest, Oil, US News / By

  The United States and Iran have signaled no quick end to their war, with U.S. President Donald Trump saying it was necessary to finish the job and Iran warning that the world should be ready for oil at $200 a barrel after striking tankers in Iraqi waters and other ships near the vital Strait …

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Oil Settles up Nearly 5% as Supply Fears Mount Despite Record Stocks Release Plan

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Three more vessels hit in Strait of Hormuz Fourteen ships struck since Iran war began IEA proposes release of 400 million barrels of oil Analysts call release insufficient to ease supply woes US crude stocks up more than expected; fuel stocks drop (Reuters) – Oil prices settled ​up nearly 5% on Wednesday as fresh …

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Only Trump Can Approve Possible US Participation in Oil Release, Says Burgum

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. Interior Secretary Doug Burgum on Wednesday welcomed the International Energy Agency’s move to release 400 million barrels of oil, but said only President Donald Trump could approve participation by Washington in such a move. Burgum, speaking to CNBC, also said U.S. oil companies would soon announce increased production amid price spikes triggered …

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Trump to Invoke Emergency Law for California Oil Producer Sable, Bloomberg News Reports

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Donald Trump plans to invoke emergency law for Sable Offshore as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News reported on Wednesday, citing a person familiar with the matter. Shares of Sable rose 16.3% to $16.75 in afternoon trading. Trump is preparing to summon …

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