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Oil stocks drain at record pace as IEA warns of renewed price swings
The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.
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upi.com
Hormuz disruption sends shock through oil and food supply chains - UPI.com
Supply chain disruptions caused by the Iran war are spreading beyond oil markets into global food and chemical industries, according to media reports.
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energyintel.com
EIA Adjusts Outlook to Account for Longer Mideast Outages
The US agency made huge revisions to its global oil supply, demand and inventory projections as a result of the Mideast war and closure of the Strait of Hormuz.
