Oil
Trump announces U.S.-Iran peace deal set for June 19 signing
Reported by AI Image generated by AI
President Donald Trump said the United States and Iran reached a peace deal over the weekend that will be signed on June 19. The agreement calls for the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade.
Petrobras board approved a US$1.2 billion investment on Friday to produce renewable fuels at the Cubatão refinery in São Paulo state.
Reported by AI
Kenya has begun high-level discussions with India to advance oil exploration and drilling in the Turkana region, aiming to unlock reserves in the South Lokichar Basin.
Sanae Takaichi stated that Japan's July oil imports will return to pre-Iran war levels. Japan has significantly diversified its supply chain away from the Middle East.
Reported by AI
Gulf Energy Group has advertised 39 positions to support Kenya's first commercial oil production, scheduled for December 1, 2026.
Oil companies in the Philippines began implementing steep fuel price cuts on Tuesday, June 2, with diesel falling by P9.26 per liter. The Department of Energy set the reductions for the week of June 2 to 8.
Reported by AI
Oil marketing companies in India are incurring substantial losses on petrol and diesel sales. Recent price increases have not been enough to cover costs, with experts forecasting further hikes.
Oil prices slip as US and Iran sign peace deal
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June 14, 2026 13:40Egypt boosts Western Desert oil output by 12,000 barrels daily
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June 02, 2026 14:52Political differences emerge over Turkana oil project