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25.04.26 - 18:36
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California′s jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market (The Guardian)
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Industry analysts say fuel price surge could lead to canceled flight routes that could snarl travelers' plansCalifornia's jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market.As of 17 April, the state's jet fuel stock was just over 2.6m barrels, in comparison to 3.2m barrels two years prior, according to the California energy commission (CEC), which publishes a refinery stocks data dashboard. Continue reading......
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25.04.26 - 18:06
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Billion-Barrel Hormuz Oil Shock Is About to Crash Demand (Bloomberg)
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The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. Bloomberg News Washington Bureau Chief Peggy Collins and White House Correspondent Jeff Mason join David Gura and Christina Ruffini on Bloomberg This Weekend for a wide-ranging conversation on the latest in politics. (Source: Bloomberg)...
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25.04.26 - 16:48
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Drill, sanction, control: Inside the oil economics driving Trump 2.0 (Times of India)
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US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding from oil interests aligns with policies boosting domestic production and easing regulations. Sanctions on rivals and geopolitical events like the Hormuz crisis engineer demand for American exports, impacting nations like India and reshaping global energy markets....
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25.04.26 - 10:36
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′The damage is done′: global oil crisis has changed fossil fuel industry for ever, IEA chief says (The Guardian)
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Exclusive: International Energy Agency's Fatih Birol, the world's leading energy economist, also says UK should largely forgo North Sea expansionThe oil crisis triggered by the Iran war has changed the fossil fuel industry for ever, turning countries away from fossil fuels to secure energy supplies, the world's leading energy economist said.Fatih Birol, the executive director of the International Energy Agency (IEA), also said that, despite pressure, the UK should forgo much of its potential North Sea expansion. Continue reading......
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