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Fundamental Analysis Posted 9 hours ago

China Boosts Domestic Oil Output as Iran Supply Disruptions Persist

News
China's National Energy Administration has ordered PetroChina, Sinopec, and CNOOC to expand production capacity and accelerate development of domestic oil and gas reserves, signaling Beijing's shift away from Iranian crude as geopolitical tensions disrupt supply chains. Oil-price volatility from supply constraints ripples through CAD and emerging-market currencies; traders watch whether central banks now reprice commodity-inflation risks ahead of the BOC rate decision on October 28.
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