The latest oil and gas news from around the world.
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Oil prices fell as more tankers resumed transiting the Strait of Hormuz and additional supplies entered the market following the US-Iran interim peace deal.
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Analysts at BMI projected the evolution of oil and gas markets through to 2050 in a report sent to Rigzone recently.
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Iran is racing to court some of Asia's largest oil buyers as a 60-day U.S. sanctions waiver takes effect.
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Crude declined after the US approved limited Iranian oil sales and shipping through the Strait of Hormuz continued to recover.
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The Treasury Department issued a temporary, 60-day license allowing Iran to sell some of its energy exports through August 21, a sweeping change after years of economic sanctions.
