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Keywords: Oil market
Oil tanker shipping costs have surged to unprecedented levels as vessels increasingly head toward the Middle East to take advantage of elevated freight rates linked to risks around the Strait of Hormuz. The shift is tightening the global supply of available tankers and raising transportation costs across......
Motorists across Morocco are facing another increase in fuel costs as a new price adjustment takes effect from the early hours of Thursday, October 1. Diesel is expected to rise by around 0.80 dirham per litre, pushing its price beyond the symbolic 16-dirham threshold. Gasoline is also set to become......
Global oil markets are entering a period of heightened uncertainty as disruptions to refined-product supplies, rising tanker costs and growing security risks reshape the economics of international energy trade. Producers, refiners and trading companies are increasingly adjusting their purchasing, transportation......
The price of diesel in France has climbed to a new record, reaching an average of €2.4097 per litre on Sunday as disruptions linked to the geopolitical crisis continue to weigh on fuel supplies. The latest figure, compiled from prices reported at more than 8,700 service stations, represents another......
Fuel prices in Morocco are expected to rise again on Wednesday, with diesel remaining more expensive than gasoline as international oil markets continue to face supply pressures. The expected adjustment comes just two weeks after the previous increase. Diesel prices had already risen by 6 centimes per......
Brazilian President Luiz Inácio Lula da Silva’s government has approved an additional package of around $1.3 billion to support fuel prices, seeking to shield consumers and key sectors of the economy from the impact of rising global oil costs. The measure was introduced through an executive......
The United States has expressed cautious optimism that an agreement with Iran could soon lead to the reopening of the Strait of Hormuz, one of the world's most strategically important maritime routes for global energy supplies. US Treasury Secretary Scott Bessent said negotiations between Washington......
Saudi Aramco has warned that the disruption of oil shipments through the Strait of Hormuz could have long-lasting consequences for global energy markets, with depleted oil inventories potentially requiring up to 18 months to recover, even if normal shipping operations resume immediately. According to......
Oil prices fell sharply in Asian trading on Monday, dropping by more than 5% as investors reacted positively to the absence of new US strikes against Iran and renewed hopes that diplomatic talks could help ease tensions between Washington and Tehran. After around 30 minutes of trading, Brent crude,......