Crude oil
Iraq to export crude, naphtha through Syria after Hormuz shock
The move would broaden an arrangement that has seen Iraq export fuel oil through the Mediterranean port of Baniyas after the effective closure of the Strait of Hormuz, which sharply curtailed Gulf export routes for OPEC's second-largest producer.
EIA: U.S. crude inventories decline for tenth week to over 40-yr low
The total stocks, including those from the strategic petroleum reserve, have fallen by 96.25 million barrels since the start of the Iran war, as countries around the globe have called on U.S. oil and products to fill supply gaps.
OPEC sticks to robust oil demand outlook, sees no peak on horizon
The 11-member Organization of the Petroleum Exporting Countries depends on oil for a large part of government income, and its views on demand are higher than those of others in the industry, such as the International Energy Agency.
IEA sees significant 2027 oil surplus after Hormuz recovery
The Iran war is estimated to have blocked more than 14 MMbpd of Middle East oil output.
Opinion: China used crude stockpiles to ease Iran shock, but not that much
For the first time in 14 months China's refiners processed more crude in May than was available to them from both imports and domestic production.
Opinion: Is the Iran war just an energy shock—or a turning point?
At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.
Fragile Iran deal offers oil relief, but Hormuz risks remain
Under the agreement announced late on Sunday, Iran and the U.S. agreed to lift their blockades on the Strait of Hormuz, through which roughly a fifth of global oil and LNG flowed before the war broke out on February 28.
U.S. refiners can still absorb more Venezuelan oil, Energy Secretary Wright says
Venezuela is sending about half of its total exports of 1.25 MMbpd to the U.S., with the remaining volumes going mainly to India and Europe.
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