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For the first time since 2020, Middle East–China oil shipping costs hit $200k a day
26 Feb 2026 22:28 GMT
… very large crude carrier to ship 2 million barrels from the … surge in oil shipping costs follows increased crude exports from the … is likely to reduce Asian refiners’ profits.
South Korean shipping … to spot demand, Saudi Arabia’s biggest oil shipper Bahri has …
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Oil Prices Slip 1.5% on Crude Build – New York
26 Feb 2026 19:38 GMT
… cycles, refineries reduce crude intake for upgrades and inspections.
Oil prices slip … lived. Once maintenance concludes, refinery demand typically rebounds.
Energy analysts emphasize … consumers through slightly lower fuel prices. Transportation and logistics …
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Crude Oil Prices Settle Lower as US-Iranian Nuclear Talks to Continue
26 Feb 2026 22:19 GMT
… until Russia's demand for territory in Ukraine is … to the emerging global oil surplus. OPEC+ is trying to restore … left to restore. OPEC's January crude production fell by - … refineries over the past six months, limiting Russia's crude oil …
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Oil settles down after choppy session as traders follow US, Iran talks
26 Feb 2026 20:50 GMT
… States and Iran over
the OPEC member's nuclear program … in crude futures.
Oil prices had gained more than a dollar a barrel … Iran clearly laid out its demand for lifting sanctions
and the … supply is still long, OPEC+ may add barrels in April, and Iran …
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Trump EPA to shift at least half of waived biofuel obligations to big refiners, sources say
26 Feb 2026 22:06 GMT
… plan that would require big oil refineries to make up for at … be unwelcome news for larger oil refiners that have argued that additional … by boosting demand for blending credits.
Under the Renewable Fuel Standard, oil refineries have …
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Sources say that Trump EPA will shift at least half the waived biofuel obligation to big refiners
26 Feb 2026 20:11 GMT
… a plan requiring 'big oil refineries'; to cover?at least … not be welcomed by larger oil refineries who have claimed that higher … by increasing demand for blending credit.
According to the Renewable Fuel Standard, oil refineries are …
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Trump bets on fuel to increase U.S. influence in Cuba
26 Feb 2026 21:29 GMT
… s leverage will be to demand gradual reforms.
The flexibilization … Venezuela and the cessation of oil shipments from Mexico," … sector limited access to fuel imported from the United … if verifiable reforms occur.
Fuel thus becomes a strategic instrument …
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Goldman Sachs raises 2026 oil forecast, sees Brent at $60 by Q4
26 Feb 2026 19:13 GMT
… Sachs has raised its oil price forecasts for late … solid global demand growth alongside a moderation in non-OPEC supply … risk of approximately $5 per barrel for Brent and $8 … highlights the continued sensitivity of oil markets to geopolitical developments …
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Nigerian crude surges past $70/barrel, tops FG’s 2026 budget benchmark
26 Feb 2026 18:34 GMT
… energy demand.
Amid this mixed outlook, Nigerian oil’s … the American Petroleum Institute (API) Weekly Crude Oil stock data … million barrels per day (bpd), just below the OPEC+ target … fuel rather than exporting all its crude and importing fuel.
This refinery …
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Consumers brace for Rs1.78/unit hike as CPPA seeks fuel cost adjustment
26 Feb 2026 18:20 GMT
Nepra reviews CPPA’s January fuel cost hike as Power … unit increase under the monthly fuel cost adjustment (FCA) mechanism.
… in January. The reference fuel cost for the month was … furnace oil plants were used to meet the increased peak demand. Another …