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Only China appears to have a reasonable inventory cushion against the unexpected, according to a new BofA Global Research report.

Norway's experience suggests that electric cars aren't a panacea for carbon emissions.

Oil jumped to a fresh one-year high as crude stockpiles in the largest US storage hub dropped to the lowest since July 2022.

Oil surged to the highest in about two weeks as supply disruptions in Turkey added to broader market optimism that a wider banking contagion may be avoided.

Oil surged the most in two weeks after Israel's military said it was “expanding ground activity” in Gaza this evening, reviving concerns about the conflict spreading more broadly.

Oil posted its biggest gain in over a week in choppy trade as traders weighed the prospect of more rate hikes against persistently tight supplies.

In May 2021 oil prices broke out, confirming a secular bull market was underway.

Oil hovered near its highs of the year as the International Energy Agency added to a drumbeat of forecasts that the market will tip into a significant supply deficit in the second half of this year.

'Supply of gasoline has improved at pumps nationwide'.

Oil majors voiced their frustration at Nigeria's slow progress in approving asset sales in the West African nation.