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US Crude Jumps More Than 11%, Brent Nearly 8% After Trump Vows More Attacks on Iran

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By Arathy Somasekhar WTI soars to nearly $114/bbl, highest since March 9 Trump speech did not clarify when Hormuz might reopen WTI heads for biggest daily absolute price rise since 2020 HOUSTON, April 2 (Reuters) – U.S. oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday in volatile trading, as …

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Oil Falls as Reports of 15-Point Proposal Spurs Ceasefire Hopes

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Summary Trump cites progress with Iran, US proposes plan to end war Iran tells UN ‘non-hostile’ ships can transit Strait of Hormuz Saudi hikes Yanbu exports to work around Hormuz halt, data shows Russia halts Baltic oil exports after Ukrainian drone attacks (Reuters) – Oil prices sank about 5% on Wednesday after reports the United …

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OIL RISES as Supply Disruption Persists and Iran Denies US Talks

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Summary Trump says US, Iran have ‘major points of agreement’ Iran rejects claim of contact with Washington Macquarie says Brent could hit $150 if Hormuz shut through April (Reuters) – Oil rose on Tuesday as the world’s ‌biggest supply disruption persisted and as Iran denied it had talks with the U.S. to end the war in the …

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SPURRED BY GULF WAR, Alaska LNG Aims for Go-Ahead Decisions in 2026-27 and Exports in 2031

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War in the Middle East is spurring interest in Asia for gas from the $44 billion Alaska LNG project, top executives of lead developer Glenfarne said, who aim to make final investment decisions this year and next, and start shipping LNG in 2031. Final go-aheads for the project’s pipeline and export terminal have been delayed …

SPURRED BY GULF WAR, Alaska LNG Aims for Go-Ahead Decisions in 2026-27 and Exports in 2031 Read More »

Crude Futures Turn Positive on Continued Hormuz Closure

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Summary Reports of resolution, continued fighting move prices US measures aimed at easing supply tightness Disruption of trade through the strait continues (Reuters) – Crude futures climbed higher on Friday as the Strait of Hormuz remained closed, but analysts were wary the weekend ​might bring surprise changes in the status of the war two weeks after it …

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Oil on Track for Weekly Gains Despite US Sanctions Waiver on Russian Oil

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Summary US puts forward measures aiming to ease supply tightness Disruption of trade through Strait of Hormuz continues Goldman expects Brent will average over $100 a barrel in March (Reuters) – Oil prices dipped on Friday, but were on track for weekly gains as ​Gulf disruptions from the Middle East conflict outweighed U.S. and International …

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Oil Jumps 5% as Iran Escalates Attacks on Gulf Shipping

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

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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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Oil Shrugs Potential IEA Reserves Release, Gains on Supply Worries

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Summary WSJ reports IEA proposed largest-ever release of oil reserves France to host G7 leaders call on Wednesday U.S. crude, gasoline and distillate stocks fell last week March 11 (Reuters) – Oil prices rebounded on Wednesday as markets doubted whether the International Energy ​Agency’s reported plan for a record release of oil reserves could offset …

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