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Oil Markets Shift Amid Trump-Putin Talks and Discounts

8/17/2025

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Summary

Story summary

Oil markets show thin liquidity, with ICE Brent prices at approximately $66 per barrel amid the Trump-Putin meeting in Alaska.
The IEA forecasts a 2.5 million b/d increase in global oil supply for 2025-2026, differing from OPEC's predictions.
India resumes Russian oil purchases due to increased discounts.
Angola's oil production holds steady at 1.1 million b/d, prioritizing gas for future growth.

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Story summary

Oil markets show thin liquidity, with ICE Brent prices at approximately $66 per barrel amid the Trump-Putin meeting in Alaska.
The IEA forecasts a 2.5 million b/d increase in global oil supply for 2025-2026, differing from OPEC's predictions.
India resumes Russian oil purchases due to increased discounts.
Angola's oil production holds steady at 1.1 million b/d, prioritizing gas for future growth.