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Commodities

Commodities

Oil glut could weaken Iran's Hormuz leverage as stocks slowly refill

The world can buy oil again, it just can't buy it back fast enough to change the politics yet.

Eamonn Sheridan

Commodities

Commodities

Iran explores oil sales to Japan as buyers seek longer sanctions waiver

Japan hasn't bought Iranian oil in years, but Tehran is asking again.

Eamonn Sheridan

Commodities

Commodities

Modi says India to keep expanding refining as West shuts capacity

While the West shuts refineries, India just opened one of the biggest bets of the decade.

Eamonn Sheridan

Commodities

Weekend - Ships U-turn in Strait of Hormuz as Iran asserts control over route

Tankers keep testing the Strait of Hormuz, and Iran keeps testing them back.

Eamonn Sheridan

Commodities

Commodities

Weekend - TotalEnergies CEO says Gulf producers discounting crude to clear stockpiles

Crude is getting cheaper by the day, but nobody told gasoline and diesel yet.

Eamonn Sheridan

Commodities

Commodities

Weekend - Iran to offer China special Hormuz fee terms, envoy says amid strait talks

Iran wants to charge for Hormuz passage, and it's already picking favourites.

Eamonn Sheridan

Commodities

Commodities

Weekend - Cargo ship attacked in Red Sea off Yemen as Houthi ceasefire holds shakily

A quiet stretch of Red Sea shipping just got a reminder of how fragile it still is.

Eamonn Sheridan

Commodities

OPEC+ approves further output hike as Hormuz exports recover, oil falls

OPEC+ keeps adding barrels just as the market starts worrying there may be too many of them.

Eamonn Sheridan

Central Banks

Newsquawk Week in Focus: FOMC Minutes, US ISM Services PMI, RBNZ, OPEC+ and ECB Minutes

Next week's highlights include: US ISM Services PMI (Mon), Fed Minutes (Wed), RBNZ Policy Announcement (Wed), Canadian Jobs (Fri)

Newsquawk Analysis

Commodities

Commodities

Canada - PM Carney confirms southern Trans Mountain route for new Alberta pipeline

Carney unveils terms for a new Alberta-to-Pacific pipeline running south through Trans Mountain, with Pembina on board and Pathways financing settled.

Eamonn Sheridan

Commodities

Commodities

Saudi Hormuz oil shipments surge as post-war tanker backlog clearing (still below pre-war)

Saudi Hormuz shipments have more than doubled as the kingdom clears a war-era tanker backlog and restarts Gulf export logistics.

Eamonn Sheridan

Commodities

Commodities

UBS slash oil price forecasts sharply, Q3 down $25. Oil recap - Doha encouragement.

Oil steadies as easing Hormuz tensions collide with fresh forecast cuts from the banks.

Eamonn Sheridan

Commodities

Commodities

Recap: US, Iran end Doha talks with no breakthrough as Hormuz status stays unclear

The ceasefire is holding just enough to talk, but not enough to settle who controls the Strait of Hormuz.

Eamonn Sheridan

News

Crude oil futures settle at $68.58.Lowest settle going back to the start of the Iran War.

Down $0.92 or -1.32%

Greg Michalowski

News

News

EIA weekly crude oil inventories -3.775 million versus -4.466 million estimate

The weekly EIA inventory data for the week of June 26

Greg Michalowski