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Crude oil

OPEC+ to boost crude output, but can it deliver and who will buy?

The seven core members of OPEC+, which groups together OPEC and allied producers such as Russia, agreed at a meeting on Sunday to lift quotas by 188,000 barrels per day from August, taking the total increase to almost 800,000 bpd since April.

World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

Tehran's throttling of the Strait of Hormuz in response to the U.S. and Israeli attacks launched on February 28 fed fears of a catastrophic global energy crunch.

Chinese independent refiners snap up discounted Mideast oil as supplies rise

Gulf oil exports are gushing into Asia as producers ramp up output and exports through the Strait of Hormuz following the interim peace deal between the U.S. and Iran, depressing oil prices globally.

India refiner Nayara's gasoline sold to Russia via traders

Indian Oil Minister Hardeep Singh Puri said that Indian companies were not selling fuel to Russia but it was "possible" that Russia purchased Indian-origin fuel from traders.

U.S.-Iran war still trails the 1979 oil shock by total losses

Unlike previous crises, the Iran war has simultaneously disrupted crude oil, natural gas, refined fuels and fertilizer supplies, exposing vulnerabilities created by decades of rising energy demand, globalized trade and the Middle East’s growing role as a supplier of finished fuels.

Saudi Aramco ramps up exports from Ras Tanura, switches to spot sales

Saudi Aramco resumed loadings from Ras Tanura, the world's largest oil port, on Friday after a halt of nearly four months.

Russia buys gasoline from India to tackle shortages

Fuel shortages are being felt across Russia's 11 time zones with rationing, long queues at filling stations and a record gasoline price increase.

Middle East producers push on with oil and LNG loadings despite ship attacks

Energy shipping in the strait slowed after attacks on a container ship on Thursday and an oil tanker on Saturday sparked tit-for-tat strikes, threatening Washington and Iran's interim peace deal.

Opinion: Hormuz oil exodus sets stage for chaotic rebalancing act

The narrow waterway, which once carried about a fifth of global oil and gas, had been effectively paralyzed by conflict for more than 100 days.

Middlemen offer Iranian oil to Indian refiners after U.S. waiver

On Monday, the United States waived sanctions on Iran for 60 days after the first talks under a nascent peace deal, opening a narrow window for renewed energy trade.