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Russia's flagship crude oil is idling on tankers in the Baltic Sea.

Oil industry titans are opening their checkbooks to support Donald Trump.

Oil maintained its gains after US government data showed crude inventories in the largest storage hub and gasoline stockpiles dropped, offering little relief to concerns about a global supply crunch.

Hedge fund manager Pierre Andurand says better than expected oil supplies have been the trigger for crude's recent retreat.

A financier and trader, who's now one of the most active dealmakers in UK oil, fended off some criminal fraud charges over the attempted delivery of a consignment of crude from Iran.

The case involves an ethane supply deal between Vitol and PEMEX.

Oil trader Wellbred Trading DMCC plans to build a refinery in Saudi Arabia.

The trading of Middle Eastern oil derivatives on a closely-watched platform that helps set crude benchmarks and shape real cargo flows has soared this month.

Oil fell to the lowest since mid-March after the International Energy Agency said it will deploy 60 million barrels of oil from emergency stockpiles to bolster the historic release announced by the Biden Administration.

Physical markets are not painting a rosy picture.