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G7 Agrees to Release Up to 100 Million Barrels and Front‑Load Diesel

The leaders said the coordinated IEA release is meant to add market liquidity to help bring down record diesel prices.

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U.S. Sanctions Threats and Iran’s Hold on Hormuz Push Oil Back Toward $95

Russia Starts Importing Gasoline as Refinery Damage Cuts Domestic Supply

Ottawa Begins Fast-Track Process for Alberta-Backed West Coast Pipeline

Saudi Economy Contracts 4.8% as Oil Output Plummets

EU Freezes Russian Oil Price Cap for a Week as Sanctions Talks Stall

Oil Surges After US–Iran Ceasefire Fails and Russian Crude Piles Up at Sea

OPEC Lowers 2026 Demand Forecast as OPEC+ Produces Well Below Plan in June

Egypt's Gold Prices Plunge, Triggering Rush for Bullion

IEA Cuts 2026 Oil Demand Outlook as Gulf Disruptions Drain Stocks

UAE Quits OPEC, Testing Gulf Unity and Oil Price Discipline

Fuel Tax Cut Falls Short at German Pumps as Prices Rebound

UAE Leaves OPEC+, Weakening the Group’s Price Leverage

Pakistan Admits It Has No Strategic Oil Reserves During Global Oil Shock

UAE Quits OPEC, Shaking Oil Market and Gulf Politics

Japan to Tap State Oil Reserves as IEA Signals Readiness for More Releases

IEA Starts Record 400 Million-Barrel Oil Release as Asia and Oceania Begin Shipments

Canada Pledges 23.6 Million Barrels to IEA’s Record Oil Stock Release

OPEC+ Keeps Oil Output Unchanged for Q1 2026, Preserves Option to Adjust Cuts

Italy to Lift Diesel Excise in January, Flipping the Price Gap With Gasoline