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Interest rate hold becoming less credible as oil prices surge | News24

Interest rate hold becoming less credible as oil prices surge | News24

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SA Reserve Bank Governor Lesetja Kganyago will announce the monetary policy’s interest rate decision on Wednesday. Morgan Stanley has changed its call on South African interest rates and now expects the central bank to raise borrowing costs this week, saying renewed oil price pressure increases the risk that inflation will take longer to return to

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Ejercito urges DOE to boost fuel reserves to help curb oil prices

Ejercito urges DOE to boost fuel reserves to help curb oil prices

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MANILA, Philippines — Sen. JV Ejercito called on the Department of Energy (DOE) to strengthen the country’s fuel reserves to ensure a stable and reliable supply of petroleum products and help mitigate oil price increases.Ejercito, chairman of the Senate Committee on Finance, made the call during the DOE’s budget hearing… https://www.manilatimes.net/2026/09/20/news/ejercito-urges-doe-to-boost-fuel-reserves-to-help-curb-oil-prices/2428825

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Fuel Incorporation Facilitates Over US$1 Billion in Gasoil Transactions as Diesel Stockpiling Surges — and Expands Into Coal With Indonesian Mine Supply

Fuel Incorporation Facilitates Over US$1 Billion in Gasoil Transactions as Diesel Stockpiling Surges — and Expands Into Coal With Indonesian Mine Supply

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Fuel Incorporation Facilitates Over US$1 Billion in Gasoil Transactions as Diesel Stockpiling Surges — and Expands Into Coal With Indonesian Mine Supply Singapore diesel supplier crosses the billion-dollar mark amid tightening global supply, and extends into coal to provide energy for the world. SINGAPORE – Media OutReach Newswire – 15 September 2026 – Concerns over

Fuel Incorporation Facilitates Over US$1 Billion in Gasoil Transactions as Diesel Stockpiling Surges — and Expands Into Coal With Indonesian Mine Supply Read More »

Oil prices near 4-month high as Iran and Oman delay Strait of Hormuz talks

Oil prices near 4-month high as Iran and Oman delay Strait of Hormuz talks

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  21m ago Saudi crown prince to meet with Egypt’s leader after Iran-backed Houthis make gains Egypt’s President Abdel Fattah al-Sisi is set to welcome Saudi Crown Prince Mohammed bin Salman on Tuesday, the Egyptian presidency said, against the backdrop of fighting between Iranian-backed Houthi rebels and Yemen’s Saudi-backed government. The presidency said there would

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Brent crude oil hits $98 after Iran’s Houthi allies attack multiple Saudi energy facilities

Brent crude oil hits $98 after Iran’s Houthi allies attack multiple Saudi energy facilities

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Oil prices rose Tuesday after Iran-allied militants in Yemen attacked several energy facilities in Saudi Arabia, forcing a temporary halt to some operations. Brent crude futures rose about 1% to close at $97.92 a barrel. The international benchmark hit a session high of $99.46 earlier. U.S.  West Texas Intermediate futures  advanced 1.7% to settle at $93.03

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UK pays highest borrowing rate since 1998; Bank of England governor warns oil price ‘could be higher’ – business live

UK pays highest borrowing rate since 1998; Bank of England governor warns oil price ‘could be higher’ – business live

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Here is a summary of today’s news At around 3pm, some departing flights at airports across Britain were disrupted, after air traffic control provider NATS experienced a technical issue. As of 630pm, some 625 flights were cancelled to and from UK airports following the issue, flight monitoring website Flightradar24 said. Around the same time, NATS

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Tensions in the Strait of Hormuz drive oil prices as US and Iran both claim control

Tensions in the Strait of Hormuz drive oil prices as US and Iran both claim control

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Tensions are ongoing over the fate of the Strait of Hormuz with the United States and Iran both claiming control over the strategic waterway. Ships were seen in the Strait on Saturday, as the Trump administration continues to actively assert that the US Navy is in control of the passage, where about 20% of the

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