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Iraq Completes Kirkuk-Ceyhan Pipeline Repairs

Iraq’s state-owned North Oil Company has finished repairing a key pipeline linking its northern oilfields to Turkiye’s Mediterranean coast, a company source said on Wednesday. “The pipeline, repeatedly targeted by ISIS militants, is now ready to pump crude oil from Kirkuk to the Ceyhan export terminal,” the source added. However, …

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Aluminum Prices Plummet despite Green Energy Hype

After aluminum prices increased in the spring and early summer, bulls became exuberant, believing that “green” initiatives like EVs, renewables, and associated power transmission technology would push the metal price higher. However, contrary to their expectations, the LME price continued to fall steadily since early June, a trend mirrored on …

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API Reports Large Draw in Crude Inventories

Crude oil inventories in the United States fell again this week, this time by 4.495 million barrels for the week ending July 26, according to The American Petroleum Institute (API), after analysts predicted a smaller 2.333 million barrel draw. For the week prior, the API reported a 3.9 million barrel …

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Iraq’s Oil Supplies to India Reach their Lowest Points

Sources in the Indian oil sector revealed that in June, the country’s oil imports from Iraq dropped to their lowest points since September 2020. According to Shafaq News, Indian refineries have already reduced their imports of oil from several Middle Eastern producers that raised prices early this year. The Iraqi …

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