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European oil majors' big bet on hydrogen as the transport fuel for the future is not so big in reality, according to a new study.

Chevron Corporation (NYSE: CVX) and BP (NYSE: BP) have announced leadership changes.

The Kazakh authorities ordered the North Caspian Operating Company, which runs Kashagan, to pay a 2.3 trillion tenge ($5 billion) fine earlier this year.

Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude.

Oil managed a slim gain with the IEA highlighting the precariously tight state of global fuel stockpiles, while the EU signallled its members may not yet be able to agree on a Russian oil ban.

'The latest action from Saudi Arabia, if it drives the oil price to $100 per barrel or higher, must indeed lead to political heat from the U.S.'.

Oil market players are struggling to find out key information.

Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week.

Militant attacks in the Red Sea and surging freight rates make oil supplies from closer to home more attractive.

'The depth of the initial fall also demonstrates that some traders do not perhaps listen to some very specific statements carefully enough'.