EU official says Oil Coordination Group sees no serious risk at the moment to oil situation
The statement from the EU official indicates a stabilizing outlook for the oil market, suggesting no immediate disruptions to supply or significant geopolitical threats.
US EIA Refinery Crude Runs Change (Apr/03) -0.129M (Prev. -0.219M)
US EIA Gasoline Production Change (Apr/03) -0.214M (Prev. -0.152M)
EU official says Oil Coordination Group sees no serious risk at the moment to oil situation
US President Trump tells the NYP that peace talks with Iran is to happen very soon, but VP Vance may not attend due to security concerns
Respective US and Iranian delegations reportedly to arrive in Pakistan on Thursday, Al Arabiya reports
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This should alleviate some market concerns and may impact oil prices positively, supporting risk-on sentiment as traders adjust their positions in response to reduced uncertainty in the energy sector.
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