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OPEC trimmed its 2026 global oil demand growth forecast for the fifth straight month to 380,000 bpd while raising its 2027 outlook. The downgrade comes amid severe supply constraints, with Saudi crud…
Brent crude surged past $105 and WTI crossed $100 amid escalating US-Iran tensions and Houthi attacks. Compounding supply shortages, Saudi Arabia reported its lowest crude output since 1990, triggeri…
WTI crude surged nearly 7% to a 3.5-month high amid escalating US-Iran conflict and severe supply disruptions. The closure of the Strait of Hormuz, Saudi output falling to 1990 lows, and drone strike…