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The world will need a lot more oil from OPEC+ as global demand is on track to return to pre-pandemic levels at the end of next year, the International Energy Agency said on Friday, just a few weeks after saying long-term oil production must decline to reduce emissions. ....
President Joe Biden's administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said. ....
European stocks inched lower on Thursday as energy and automakers' shares slipped, with investors focused on a European Central Bank meeting later in the day. ....
Singapore residual fuel oil inventories climbed 5% in the week to June 9, extending sharp gains from the previous week as export volumes plunged, official data showed on Thursday. ....
China has sent officials to inspect coal inventories and crack down on illicit hoarding at ports, following a surge of physical coal prices and tight supplies in the market ahead of the peak consumption season. ....