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Pipeline Disruption Slashes Ecuador Output by 133,000 bpd

OilPrice

The company suspended activities this week to prevent further damage to critical infrastructure as erosion along the Coca River continues to threaten oil transport lines and the Coca Codo Sinclair hydroelectric plant, Ecuador’s largest. The suspension has already cut Ecuador’s crude output by an estimated 133,000 barrels

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

CNBC: Energy

entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed. entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed. per barrel, while global benchmark Brent was up nearly 2% at $78.53

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OPEC+ members agree to larger-than-expected oil production hike in August

CNBC: Energy

million barrels per day of voluntary production cuts, which are separate from the wider OPEC+ strategy. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they continue to unwind a set of voluntary supply cuts.

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India Turns Away Russian Oil Tanker As Sanctions Evolve

OilPrice

India moved on Thursday to deny entry to a Tanzanian-flagged tanker carrying Russian crude, signaling that New Delhi is ramping up scrutiny of vessels transporting oil from Russia, Reuters reported exclusively.

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Diesel's Supply Crunch Leaves Market Crying Out for Barrels

Rigzone

Image by Yarphoto via iStock The world’s biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze. The shortage is driving up prices for diesel, used in everything from construction to transport to heating. Last month, diesel accounted for just 31.4%

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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

The maiden cargo transported crude from the Otakikpo marginal field – located in Rivers State and operated by GEIL – to the terminal, kickstarting a new era of efficient crude distribution in Nigeria. The terminal itself boasts a storage capacity of 750,000 barrels.

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Why Falling Oil Prices Are Not Always Good News

OilPrice

Cheaper gasoline meant more disposable income for consumers, lower transportation costs for businesses, and a boost to sectors that rely on oil as an input. million barrels of oil and finished products per day. But in 2025, that simplistic view no longer holds up. The economic equation has changeddramatically.

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