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Officials placed approximately 9.1 million barrels of oil from government reserves onto the market last week. The weekly volume equals roughly 1.3 million barrels per day and ranks as the second-largest single-week release on record.
swissinfo.chOfficials placed approximately 9.1 million barrels of oil from government reserves onto the market last week. The weekly volume equals roughly 1.3 million barrels per day and ranks as the second-largest single-week release on record. Over the preceding eight weeks, releases averaged more than one million barrels per day. The sustained pace marks a continued draw from stored supplies.
Release volumes and schedule The single-week total of 9.1 million barrels exceeds prior weekly figures except for one earlier record. Officials have not stated how long the elevated release rate will continue. Market participants now track daily delivery notices to gauge further supply additions.
nbcnews.comVice President JD Vance announced that Iran will allow International Atomic Energy Agency experts to resume operations inside the country. Washington also said it will lift sanctions on Iranian oil exports and reopen the Strait of Hormuz. Tehran stated it made no new commitments…
The U.S. Treasury Department issued a general license allowing the production, delivery and sale of Iranian-origin crude oil, petrochemical products and petroleum products. The license remains valid through August 21.
keeptalkinggreece.comA technical accident at the Barzan local gas supply facility in Ras Laffan killed 13 workers and injured 66 others on Sunday night. Qatar's energy minister said the blast was not sabotage and would not affect exports.