Oil fell following three days of gains after Israel and Lebanon agreed to a ceasefire if Hezbollah also stops hostilities, which would remove a key sticking point in talks to end the Iran war.
Nigeria will begin its next oil licensing round in the third quarter after securing the necessary government approvals, a move that could help attract investment into one of Africa’s largest oil-producing nations.
Venezuela’s acting President Delcy Rodríguez will meet Prime Minister Narendra Modi this week, with energy security expected to dominate discussions as India seeks to diversify crude supplies disrupted by the Iran war.
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