Oil steadied after closing at the highest in almost six weeks as President Donald Trump threatened to penalize India for buying Russian crude and his administration tightened a crackdown on supplies from Iran.
Borouge has announced a net profit of $193 million for the second quarter of 2025, exceeding market expectations despite completing its largest maintenance turnaround to date.
Oil held the biggest gain in six weeks after US President Donald Trump reiterated he may impose additional economic penalties on Russia unless a truce is reached with Ukraine.
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