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Keywords: Global energy
US President Donald Trump has predicted a substantial decline in global diesel prices following a reported agreement with Russia to supply the American market with the fuel. He said the additional volumes could increase international availability and ease pressure on prices, although the actual impact......
Global oil demand is expected to continue growing in 2026, with the Organization of the Petroleum Exporting Countries (OPEC) highlighting the need for sustained investment to ensure that energy supplies can keep pace with future consumption. OPEC Secretary-General Haitham Al Ghais forecasts an increase......
A reported agreement between US President Donald Trump and Russian President Vladimir Putin to facilitate the sale of Russian diesel fuel has triggered a diplomatic dispute with Ukraine, exposing tensions between Washington’s efforts to curb fuel prices and Kyiv’s opposition to measures that......
A Panama-flagged tanker was struck by an unidentified projectile off the coast of the United Arab Emirates, triggering a fire that was subsequently brought under control, according to the United Kingdom Maritime Trade Operations (UKMTO), as tensions continue to threaten commercial shipping near the Strait......
The Group of Seven has agreed to inject up to 100 million barrels from emergency energy reserves into global markets over the next four months, in a coordinated effort to ease mounting pressure on oil and diesel supplies. The decision was reached during a virtual meeting chaired by French President......
The United States’ Strategic Petroleum Reserve has fallen to its lowest level in more than four decades, with crude oil stocks declining to 283.8 million barrels last week, according to data from the US Department of Energy. The figure represents the lowest inventory recorded since October 1982. The......
Shipping through the Strait of Hormuz remains significantly below normal levels despite the continued movement of oil and energy cargoes through the strategic waterway, as diplomatic efforts and military tensions continue to shape the outlook for maritime traffic. The strait has become a central point......
Around 60 commercial vessels crossed the Strait of Hormuz on Wednesday, carrying approximately 22 million barrels of oil, according to a US official who spoke to Reuters on condition of anonymity. The reported volume represents the largest daily crude flow through the strategic waterway since early July,......
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......