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Supply Chain

Refinery Operations Global Trade Impact on Consumers Insolvency Refining Industry Crude Oil Supply Sanctions Freight Costs

IEA Members Approve Record 400 Million-Barrel Oil Release to Counter Hormuz Shutdown

The action aims to offset supply losses from the effective shutdown of the Strait of Hormuz through a staged drawdown from national stockpiles.

Indian Oil Restarts Russian Buys via Non‑Sanctioned Sellers After Cancellations