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Keywords: Oil market


Spain's bold move to stabilize olive oil prices: mandatory stock withdrawal introduced

Spain's Ministry of Agriculture, Fisheries, and Food (MAPA) has announced a groundbreaking plan to stabilize olive oil prices by mandating the withdrawal of surplus stock from the market. This measure, activated under the European Union's Article 167a of Regulation 1308/2013, aims to prevent......

Global oil demand forecast lowered by IEA amid trade tensions

The International Energy Agency (IEA) has revised its global oil demand growth forecast for 2025, citing "escalating trade tensions" linked to U.S. tariffs. After a period of relative calm, global oil markets have been shaken by a wave of tariff announcements in early April, according to the......