Delegates Say OPEC+ Has Plan to Complete Series of Quota Hikes
Key OPEC+ members aim to continue a series of oil quota increases over the next few months, delegates said.
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Bill Seeks to Tax Windfall Oil Profits in US amid Iran War
Revenue collected under the Iran War Oil Crisis Windfall Profits Tax Act would be released back to households to offset increases in their energy and transport costs.
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JP Morgan Warns Oil Could Average $151 in Q4
J.P. Morgan warned that Brent could average as much as $151 per barrel in the fourth quarter of this year if the Strait of Hormuz reopens on September 1.
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Meren Books Hedging Losses
Meren, a Canadian company producing in Nigeria, saw its financial losses deepen for the first quarter as the elevated oil price environment induced by the Middle East war resulted in a hedging charge of $37.2 million.
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UK Gov to Introduce Energy Independence Bill
'My Ministers believe that energy independence must be a long-term goal of national security', King Charles said in the 2026 King's Speech.
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Eneos Buys Chevron Oil Assets in APAC for $2.2B
The Japanese refiner agreed to purchase some of Chevron's refining and retail assets across the Asia-Pacific for $2.17 billion.
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TotalEnergies Expands Mediterranean Exploration with Egypt Deal
The MoU with state-owned EGAS covers a 'large area' off the north-western coast of Egypt.
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Senegal Targets $7.5B Gas Project to End Energy Subsidies
Senegal's state-owned oil company said the Yakaar-Teranga gas discovery will cost $7.5 billion to develop.
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Oil Retreats After Inventory Data
US inventory data eased supply fears, helping push crude lower after a recent rally.
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Aramco Targets Raising Over $10B From Property Portfolio
Saudi Aramco is considering plans to raise billions of dollars from its real estate assets.