Goldman Sachs projects Gulf oil output will rebound within months following the reopening of the Strait of Hormuz.
Goldman Sachs projects that Gulf oil production will likely recover within months following the reopening of the Strait of Hormuz.
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Goldman Sachs projects that Gulf oil production will likely recover within months following the reopening of the Strait of Hormuz.
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Japan's METI announces oil reserve drawdown to begin May 1. The Ministry of Economy, Trade and Industry confirms the move, which could affect global energy markets.
Japan will commence oil reserve drawdown starting May 1, according to METI.
Japan plans to release 5.8 mln kl from strategic oil reserves over Iran-related supply concerns.
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BREAKING: Oil prices rise to $106 per barrel as Iran continues to restrict passage through the Strait of Hormuz.
Oil prices have risen to $106 per barrel amid ongoing restrictions on passage through the Strait of Hormuz.
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