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OPEC+ set for September quota increase followed by pause, sources say

OPEC+ set for September quota increase followed by pause, sources say

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON, Aug 2 (Reuters) - OPEC+ plans to approve a production quota increase on Sunday of around 188,000 barrels per day from September after which it will pause further output increases, sources said, as the group completes the unwinding of
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Oil climbs as traders assess shipping flows; big monthly gain in sight

Oil climbs as traders assess shipping flows; big monthly gain in sight

By Siddharth Cavale and Anushree Mukherjee NEW YORK, July 31 (Reuters) - Oil prices rose on Friday and were on track for a big monthly gain as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway. 
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Oil prices settle more than 1% higher, log strongest month since March

Oil prices settle more than 1% higher, log strongest month since March

By Siddharth Cavale NEW YORK, July 31 (Reuters) - Oil prices closed more than $1 per barrel higher on Friday, ending July with their biggest monthly gains since March, as concerns over global crude flows mounted on Iranian reports that some tankers were forced to turn back in the Strait of Hormuz.
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Oil rises as traders assess shipping flows; big monthly gain in sight

Oil rises as traders assess shipping flows; big monthly gain in sight

By Siddharth Cavale and Anushree Mukherjee NEW YORK, July 31 (Reuters) - Oil prices rose more than $1 on Friday and were on track for a big monthly gain as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key
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Oil rises as traders assess shipping flows; monthly gains in sight

Oil rises as traders assess shipping flows; monthly gains in sight

By Anushree Mukherjee July 31 (Reuters) - Oil prices rose on Friday and remained on track for a monthly increase as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway.
TheStreet TheStreet
Middle East turmoil leaves gas prices exposed

Middle East turmoil leaves gas prices exposed

Typically, oil and gasoline prices peak in July or early August. The summer vacation driving season has peaked or is about to peak. Families with children will start to head home to get ready for the new school year. Days are getting shorter. But the rest of 2026 is uncertain. Oil prices were up ...
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Oil spill from shadow fleet tanker spreading off Oman, satellite images show

Oil spill from shadow fleet tanker spreading off Oman, satellite images show

By Catherine Cartier and Jonathan Saul BEIRUT/LONDON, July 31 (Reuters) - A sanctions-hit tanker is leaking oil off the coast of Oman and the spill has spread in recent days, increasing concern about possible environmental damage to coastal areas, according to an analysis of satellite imagery and
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Oil rises over 1% as traders assess shipping flows; monthly gains in sight

Oil rises over 1% as traders assess shipping flows; monthly gains in sight

By Anushree Mukherjee July 31 (Reuters) - Oil prices rose more than 1% on Friday and remained on track for a monthly rise as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway.
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Oil steady as traders assess shipping flows; monthly gains in sight

Oil steady as traders assess shipping flows; monthly gains in sight

By Anushree Mukherjee July 31 (Reuters) - Oil prices were steady on Friday and on track for a monthly rise as traders assessed supply flows through key maritime chokepoints and developments in U.S.-Iran talks. Brent futures were up 47 cents, or 0.53%, at $89.50 a barrel by 0952 GMT, while U.S.
USA Today USA Today
Ukraine hit an Iranian ship. Will it lead to wider US-Middle East war?

Ukraine hit an Iranian ship. Will it lead to wider US-Middle East war?

Ukraine’s ambassador to the United States says Kyiv has no interest in merging its war against Russia with the U.S. conflict in Iran after drone hit.
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Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices

Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices

By Stephanie Kelly and Shadia Nasralla LONDON, July 30 (Reuters) - Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict.
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Explainer-What is US President Donald Trump's 'Board of Peace'?

Explainer-What is US President Donald Trump's 'Board of Peace'?

By Kanishka Singh and Simon Lewis WASHINGTON, July 30 (Reuters) - U.S. President Donald Trump said on Thursday his so-called Board of Peace ​reached a deal for the total disarmament ‌of Hamas and other armed groups in Gaza and the withdrawal of Israeli forces from the territory.