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(Bloomberg) — Kenya is weighing plans to extend a colonial-era rail line to its north-western oil fields to ferry crude to an Indian Ocean port by 2030, offering an alternative to a previously proposed pipeline for exports. Read More
(Bloomberg) — The International Energy Agency is proposing a release of emergency oil reserves, according to a person with knowledge of the matter, as governments seek to contain a spike in energy prices driven by the Middle East war. Read More
(Bloomberg) — Abu Dhabi National Oil Co. has asked its onshore oil partners to collect their Murban crude from the port of Jebel Dhanna, which is located inside the Persian Gulf behind the Strait of Hormuz. Read More
(Bloomberg) — World governments stepped up efforts to calm energy markets as the effective closure of the Strait of Hormuz, a pivotal supply route, showed no sign of ending and Iran continued attacks across the region. Read More
(Bloomberg) — China’s vast reserves of crude oil are giving its refiners breathing space as war in the Middle East roils production and shipping — a payoff from years of stockpiling and diversifying supply. Read More
(Bloomberg) — Gold advanced after a report that the International Energy Agency is proposing the largest-ever release of oil reserves to ease a supply shock caused by the war in the Middle East. Read More
(Bloomberg) — As the war in Iran sent oil prices soaring, one market holding up unexpectedly well is that of the world’s largest crude importer: China. Read More
(Bloomberg) — A record rally in South Korean stocks is spurring a wave of share sales by existing holders, a trend set to accelerate as companies unwind cross-shareholdings and simplify ownership under a corporate governance overhaul, according to JPMorgan Chase & Co. Read More
(Bloomberg) — The Thai government is widening efforts to curb demand for fuel, as it bleeds cash fighting to keep domestic diesel prices artificially low amid surging global energy costs. Read More
