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Citi examines oil supply disruptions and crude prices as Israel-Iran air war rages

Oil & Gas 360º

” However, these previous disruptions, which included events like the First Gulf War in 1990 and sanctions on Iran in 2012 and 2018, do not mean that prices will “go up or stay elevated for a long time,” the brokerage flagged.

Oil
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China Snubs U.S. Crude for Third Month, Even as Ethane Trade Restarts

OilPrice

crude oil for three straight months—the longest dry spell since 2018—delivering another hit to American shale producers already struggling with weak prices and rising global supply. Census data released Thursday, China bought no American crude in May, following a similar freeze in March and April. According to new U.S.

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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. from 2018-2024. Gatti brings more than 30 years of experience in energy and industrial sectors. Prior to joining Baker Hughes, he served as Chief Executive Officer and Chairman of the Board of TEAM, Inc.

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Oil at $100 a barrel? U.S. role in Iran-Israel fight fuels market jitters

CNBC: Energy

"A prolonged closure or destruction of key Gulf energy infrastructure could propel crude prices to above $100," he said. Iran in 2018 threatened to close the Strait of Hormuz amid heightened tensions after the U.S. exited the nuclear deal and reinstated sanctions.

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Review of fossil fuel subsidies stalls as Argentina ceased communication with Canada

Oil & Gas 360º

The review was first launched in 2018 as part of a G20 commitment to eliminate all “inefficient” subsides to the fossil fuel sector. It was only supposed to take about two years to complete. But it was clear as early as 2019 that it would be behind schedule and it now seems to have fallen off the rails entirely.

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An overview of Iran’s energy industry and infrastructure

Oil & Gas 360º

The United States tightened sanctions in 2018 after Trump exited a nuclear accord during his first presidential term. Iran’s oil exports fell to nearly zero during some months. WHO IS THE MAIN BUYER OF IRANIAN OIL? Iran’s crude exports have risen to a multi-year high of 1.8 and European Union sanctions.

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Oil prices lower after Trump suggests Israel attack on Iran is not imminent

CNBC: Energy

Picture taken May 21, 2018. Ahmed Jadallah | Reuters Crude oil futures fell slightly on Thursday, after spiking sharply in the previous session on fears that Israel and Iran are on the brink of war. Crude oil continued to flow," she said. West Texas Intermediate fell 11 cents, or 0.16%, to close at $68.04

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