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Canada is “urgently exploring options” with provinces and the energy industry to boost oil supply, as trade disruptions caused by war in the Middle East spur huge volatility in global crude markets. Read More
(Bloomberg) — In one move, Reliance Industries Ltd. has reset its relationship with Donald Trump. Read More
(Bloomberg) — The International Energy Agency is proposing a release of emergency oil reserves that would be the largest in its history, with a decision possible later on Wednesday, according to a person familiar with the matter. Read More
(Bloomberg) — As war spirals in the Middle East, one driver is increasingly overshadowing others when it comes to the US dollar: the price of oil. Read More
(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
