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No new exemptions to U.S. sanctions on Russian oil
Business News

No new exemptions to U.S. sanctions on Russian oil

The Trump administration has chosen not to extend waivers to U. S
World oil reserves being depleted at record pace
Business News

World oil reserves being depleted at record pace

Oil stocks around the world are shrinking at a record pace and will continue to decline, warns the Western energy organization, the IEA. According to the IEA, the stocks are being used to cover reduced oil supplies resulting from the war in Iran
European Commission to issue aviation fuel guidelines this week amid energy crisis
Business News

European Commission to issue aviation fuel guidelines this week amid energy crisis

The European Commission plans to issue new guidelines on aviation fuel this week amid the energy crisis.
Crude oil price highest since early April
Business News

Crude oil price highest since early April

The price of crude oil is rising on world markets. The canceled peace talks between the US and Iran and a higher price forecast from Goldman Sachs are pushing the price to its highest level in almost three weeks
Oil Peak: War Is Driving the World Towards Renewable Energy
Business News

Oil Peak: War Is Driving the World Towards Renewable Energy

The energy crisis that followed the Iran war is a turning point for the fossil fuel industry and is permanently steering the world towards renewable resources, Fatih Birol, head of the International Energy Agency (IEA), told The Guardian.
Swedish government may urge people to drive less because of the war in Iran
Business NewsTop News

Swedish government may urge people to drive less because of the war in Iran

The government may urge people to drive less because of the war in Iran. If the conflict is prolonged, we need to reduce energy use, says Finance Minister Elisabeth Svantesson (M)
IEA warns of the greatest energy threat in history
Business News

IEA warns of the greatest energy threat in history

"The price of oil and natural gas is rising for the fourth day in a row. We are facing the greatest threat to energy security in history," Fatih Birol, head of the International Energy Agency (IEA), told CNBC
Risk of fuel rationing in Sweden - cheese grater principle
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Risk of fuel rationing in Sweden - cheese grater principle

The situation on the oil market remains tense because of the war involving Iran. This increases the risk that Sweden may have to ration fuel
Kristersson: Risk of oil rationing in Sweden is increasing
World News

Kristersson: Risk of oil rationing in Sweden is increasing

The government is preparing for possible oil rationing in Sweden. Every day the war drags on, the risk of such economic consequences increases
IEA warns jet fuel could run out before June
Business News

IEA warns jet fuel could run out before June

Europe has about six weeks of jet fuel left, says Fatih Birol, head of the International Energy Agency (IEA).
Putin warns of slowdown in Russian economy, calls for measures to resume growth
Business News

Putin warns of slowdown in Russian economy, calls for measures to resume growth

Russian President Vladimir Putin is now demanding measures to counteract the slowdown in Russia's economy.
Demand for oil is plummeting - but Russia is rushing exports
Business News

Demand for oil is plummeting - but Russia is rushing exports

Global demand for oil is falling sharply as a result of high prices, the International Energy Agency (IEA) says, noting the largest decline in demand for the second quarter of the year since the outbreak of the pandemic.
IEA: Politicians underestimate the energy crisis
Business News

IEA: Politicians underestimate the energy crisis

Politicians are underestimating the extent of the disruptions in the gas and oil markets, according to Fatih Birol, head of the International Energy Agency (IEA).
Oil crisis advice: Work from home
Business News

Oil crisis advice: Work from home

The war involving Iran has caused oil and gas prices to skyrocket. The International Energy Agency (IEA) is now pointing to measures that could ease the pressure on the economy
Oil from US reserves to be repaid with interest by September 2028
Business News

Oil from US reserves to be repaid with interest by September 2028

The oil released from U. S
Sweden contributes to alleviating oil market disruption
Business News

Sweden contributes to alleviating oil market disruption

Sweden is helping to alleviate disruptions in the oil market resulting from the Iran war.
Japan begins releasing oil from reserves
Business News

Japan begins releasing oil from reserves

Japan has begun withdrawing oil from its strategic reserves, the government announced on Monday.
IEA says strategic oil reserves in Asia and Oceania to be released immediately
Business News

IEA says strategic oil reserves in Asia and Oceania to be released immediately

Strategic oil reserves in Asia and Oceania should be "immediately" released, according to the International Energy Agency (IEA).
Wall Street fell heavily amid rising oil prices and war fears
Business News

Wall Street fell heavily amid rising oil prices and war fears

US stock markets ended the day with steep losses amid rising oil prices and continued fears of war.
IEA: Biggest disruption to global oil trade yet
Business News

IEA: Biggest disruption to global oil trade yet

The war involving Iran is causing the worst disruption to the global oil market in history, according to the IEA (the International Energy Agency). On Wednesday, the price of a barrel of oil was back up, hovering around $100
Despite oil announcement, the stock market fell
Business News

Despite oil announcement, the stock market fell

The Stockholm Stock Exchange closed 0. 8 percent lower
Western countries open up their oil reserves, releasing 400 million barrels to curb price increases amid the Iran war
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Western countries open up their oil reserves, releasing 400 million barrels to curb price increases amid the Iran war

Western members of the International Energy Agency (IEA) have agreed to release 400 million barrels of crude oil from their reserves to curb price increases amid the Iran war. The decision was unanimous
Oil prices surge in extremely stressed market
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Oil prices surge in extremely stressed market

The war in and around Iran is causing the price of oil to skyrocket. On Monday, a barrel of North Sea oil (Brent) traded at a high of more than $115
Russian oil exports plummet – lowest since the invasion
Business News

Russian oil exports plummet – lowest since the invasion

Russia's oil export revenues fell in November to the lowest level since the invasion of Ukraine in 2022, according to the International Energy Agency (IEA).
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