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Oil Prices Near Seven-month Highs Ahead of U.S-Iran Talks Today
26 Feb 2026 02:58 GMT
… crude producer in the Organisation of the Petroleum Exporting Countries(OPEC), … S. oil stockpiles of 11.43 million barrels in the … “refineries in the UK face challenges including: falling domestic demand; … the supply chain.”
Fuels Industry UK recommended that …
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Oil climbs as US-Iran tensions keep supply risks in focus
26 Feb 2026 02:02 GMT
… third-biggest crude producer in the Organization of the Petroleum Exporting Countries … consider raising its oil output by 137,000 barrels per day for … of OPEC+ thinking said as the group prepares for peak summer demand …
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Oil Prices Diverge as Markets Await Outcome of US–Iran Talks
26 Feb 2026 02:16 GMT
… . crude inventories surged by 16 million barrels last week, driven by lower refinery … -largest crude producer in OPEC, as well as from other key oil-producing … has in some periods outpaced demand growth, contributing to elevated stockpiles …
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US to allow resale of Venezuelan oil to Cuba, Treasury says
26 Feb 2026 01:06 GMT
… years the main supplier of crude and fuel to its political ally … Venezuela's oil exports, with millions of barrels exported to the … from traders is expected to demand regular commercial terms such … U.S. gas and petroleum products to eligible Cuban private …
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OPEC Output Slips Despite Planned Hike
26 Feb 2026 02:42 GMT
… demand trends.
The dip arrives as OPEC and its partners, known as OPEC … the group’s shortfall.
“OPEC oil output edged lower in April … efforts to limit those barrels reduce their access to markets … Next
For oil markets, a lower-than-expected OPEC output in …
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Sources say that OPEC+ will consider an increase in oil production of 137,000 bpd for April.
26 Feb 2026 02:00 GMT
OPEC+ will likely consider?raising their oil output by 137,000 barrels a … for the peak summer demand as well as a …
Brent crude is currently trading at $71 per barrel despite fears … .
OPEC+ is a group that includes the Organization of Petroleum Exporting …
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3 Oil Equipment Stocks Poised to Outperform Despite Industry Headwinds
26 Feb 2026 03:41 GMT
… help upstream energy players extract crude oil and natural gas from … to be $53.42 per barrel, significantly lower than the $ … 40 per barrel price for 2025. EIA cited rising oil inventories … to benefit from rising demand for cleaner fuels and higher LNG export …
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Iran rushes to load oil onto ships in anticipation of US strikes
26 Feb 2026 03:56 GMT
… oil exports from Kharg Island reached nearly 20.1 million barrels … costs of chartering Very Large Crude Carriers or VLCCs have … are determined by supply and demand. The supply of VLCCs … jets sent to Israel
Brent crude, the international benchmark, has …
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Oil community demands independent PIA committee for development
26 Feb 2026 02:38 GMT
… Oil Exploration and Energy Production Company Limited, to constitute an independent Petroleum … committee for the community.
The Petroleum Industry Act Committees – specifically Host … talked-about committee.
‘’We therefore demand that Sumedha Energy Limited PIA …
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CBM continues US$2.5M injection into edible oil sector
26 Feb 2026 01:52 GMT
… CMP companies, to edible oil-importing companies, in addition … would sell $30 million to fuel oil importers. CBM also injected $ … and $2 million to fuel oil-importing companies on 18 February … rate, depending on supply and demand, starting from 5 December …