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More Than 60 Million Barrels of Oil Ready to Head to Asia as Hormuz Reopens | OilPrice.com
More than 60 million barrels of crude stranded in the Persian Gulf are expected to head to Asia after the reopening of the Strait of Hormuz, potentially easing supply concerns and putting downward pressure on oil prices.
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bangkokpost.com
Energy firms brace for ‘new era’ despite Hormuz deal
The world’s oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal for the Gulf energy industry…
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euronews.com
Oil sinks to three-month low on hopes of Hormuz reopening
Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end, paving the way for a recovery…
