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17.07.25 - 17:18
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Russia oil squeeze: Trump′s 100% tariff threat - should India panic? (Times of India)
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Amidst Trump's threat of secondary tariffs on countries trading with Russia, will India's crude oil supply face uncertainty? Russia has become India's top oil supplier due to discounted rates, potential tariffs could disrupt this. However, India's diversified procurement, strategic reserves, and growing oil imports from other markets may mitigate the impact, suggesting resilience against supply shocks....
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17.07.25 - 11:36
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Oil Moves Sideways In Lackluster Trade (AFX)
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WASHINGTON (dpa-AFX) - Oil prices were moving sideways on Thursday due to tariff-related uncertainty. Escalating Middle East tensions and signs of strong U.S. demand helped limit losses, if any. B......
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17.07.25 - 00:27
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Iran Seizes Foreign Oil Tanker In Sea Of Oman (ZeroHedge)
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Iran Seizes Foreign Oil Tanker In Sea Of Oman
It remains important for energy traders to closely monitor the Strait of Hormuz and other key critical maritime chokepoints in the region (recall Red Sea events last week, given persistent geopolitical tensions involving Iran and Israel.
Tehran retains a diverse toolkit—both asymmetric and conventional—for disrupting tanker traffic through the Strait of Hormuz. These methods include naval mine deployment, anti-ship missile and drone launches, fast-attack craft swarms, and the seizure of vessels transiting the critical waterway responsible for 20% of the world's oil flows.
Shortly after the U.S. launched "Operation Midnight Hammer" in late June, deploying stealth bombers to strike Iran's nuclear facilities at Fordow, Natanz, and Isfahan using Massive Ordnance Penetrator bombs, Iran's parliament voted to authorize the closure of the strait. However, Tehran never closed the strait, but there was at least one report we covered...
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16.07.25 - 22:21
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US Vows To Quit IEA If The Agency Keeps Pushing Green Transition (ZeroHedge)
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US Vows To Quit IEA If The Agency Keeps Pushing Green Transition
Authored by Charles Kennedy via OilPrice.com,
The U.S. is pressuring the IEA to shift focus from climate advocacy back to objective demand forecasting.
Energy Secretary Chris Wright says withdrawal is an option if reforms aren't made.
The IEA's forecasts clash with OPEC's projection of rising oil demand through 2050.
The United States could abandon the International Energy Agency (IEA) if the organization, created in the aftermath of the 1970s Arab oil embargo, doesn't return to forecasting energy demand without strongly promoting green energy.
“We will do one of two things: we will reform the way the IEA operates or we will withdraw,” U.S. Energy Secretary Chris Wright has told Bloomberg in an interview.
“My strong preference is to reform it,” Secretary Wright added.
The official echoes voices in the U.S. Republican party that the agency has become an advocate of the energy transition and is not objecti...
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16.07.25 - 18:18
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WTI Holds Losses After Surprise Crude Draw As Rig Count Decline Rejects ′Drill, Baby, Drill′ (ZeroHedge)
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WTI Holds Losses After Surprise Crude Draw As Rig Count Decline Rejects 'Drill, Baby, Drill'
Crude futures are lower for a third session in a row with the market refocusing on supply and demand balances after putting concerns about U.S. tariffs and Russia sanctions on hold, and API reporting another build in crude (and gasoline) stocks - the third straight weekly rise in inventories.
While global crude inventories have been swelling in recent months, the bulk of the accumulation has come in markets that have relatively little impact on futures prices, according to Morgan Stanley.
The premiums traders are paying for more immediate supplies, a pattern known as backwardation, signal strong short-term demand.
API
Crude +800k
Cushing +100k
Gasoline +1.9mm
Distillates +800k
DOE
Crude -3.86mm
Cushing +213k
Gasoline +3.39mm
Distillates +4.17mm
The official data reversed API's guess with a sizable Crude inventory draw (ending the short streak of builds), but produ...
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16.07.25 - 18:12
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US-Rohöllagerbestände gesunken (Dow Jones)
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DOW JONES--Die Rohöllagerbestände in den USA haben sich in der Woche zum 11. Juli verringert. Sie fielen nach Angaben der staatlichen Energy Information Administration (EIA) um 3,859 Millionen Barrel gegenüber der Vorwoche. Von Dow Jones Newswires befragte ......
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