World oil prices
US re-blocuses Iran, world oil prices rise sharpest in months
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World oil prices rose nearly 10% after the US announced the re-imposition of naval blockades against Iran in the Strait of Hormuz.
World oil prices rise sharply after US attack on Iran
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Middle East tensions flare up again pushing world oil prices to a two-week high.
World oil prices plummet after US-Iran talks
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The global energy market, especially oil prices, reacted positively to positive diplomatic signals from the US-Iran talks.
IEA forecasts large global oil surplus in 2027
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The International Energy Agency (IEA) believes that the oil market may have significant oversupply in the coming year.
US strategic oil inventory plummets to a record low
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The US Strategic Oil Reserve has fallen to its lowest level since 1983 as Washington continues to export oil to reduce the impact of the conflict with Iran.
Oil prices lost about 19% in May amid new expectations from the US - Iran
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Oil prices fell sharply as the US and Iran reached a preliminary agreement to extend the ceasefire, raising expectations that supply will gradually recover.
World oil prices recover after news of US attacks
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World oil prices fluctuate as US-Iran tensions continue to cast a shadow over the strategic Strait of Hormuz.
President Trump dislikes feedback on Iran's peace proposal
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US President Donald Trump expressed "disapproval" of Iran's response to the peace proposal and said that it was "unacceptable".
OPEC oil production falls to 36-year low
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Oil production in OPEC countries fell sharply in April, amid Middle East conflict disrupting the global energy market.
World oil prices fall for 2 consecutive days
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Signs of cooling Middle East conflict pull oil prices down, market expects supply to be restored soon.
Iranian oil tanker appears in Lombok Strait, Indonesia says it does not violate maritime law
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Indonesia affirms that Iranian oil tankers have the right to pass through its waters under international law of the sea.
UAE withdraws from OPEC: Oil market faces big waves
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The United Arab Emirates (UAE) leaving OPEC will weaken the organization's influence and may create long-term pressure to reduce oil prices.
Hormuz crisis causes electric vehicles to be forecast to accelerate globally
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S&P Global Vice President Daniel Yergin warned that the Hormuz crisis is "the biggest energy disruption we have ever seen".
Panama Canal makes a fortune when Hormuz is blockaded, priority fees skyrocket
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Businesses spend up to 4 million USD for ships to pass through the Panama Canal during the time the Strait of Hormuz is blocked.
Gasoline price today 1.8: All decreased sharply
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Today's gasoline price 1.8: World gasoline price continues to decrease sharply today. WTI oil reached 69 USD/barrel; Brent oil fell below 72 USD/barrel.
