Oil prices saw a sharp drop due to OPEC+ supply hike talks and Iraq’s Kirkuk-Ceyhan restart. China has tripled its Indonesian oil imports as Iran shifts its routes for ship-to-ship operations. ExxonMobil to lay off 2,000 workers, while ConocoPhillips signs deal with Equatorial Guinea and BP greenlights $5 billion project in the Gulf of Mexico. TotalEnergies plans to sell renewable holdings. Gold prices surge past $3,800 amid geopolitical concerns. Nigeria’s Dangote refinery dispute leads to nationwide strike call. Trump administration to expand coal leasing on federal lands. BHP shares dip as China halts iron ore purchases. Carlos Slim signs deal with Pemex for oil drilling. Crimea imposes fuel rationing due to shortages. US natural gas futures rise as Kazakhstan plans fourth refinery. Nayara Energy refinery adapts to sanctions with rupee payments. Tin futures hit six-month high on Indonesia mine closures.

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