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The yields on U.S. government bonds eased a little bit on Tuesday. However, longer-dated yields remain near multi-year highs. Earlier in the day, the 30-year Treasury yield had reached a level that was not seen since 2007. Fears of an escalating Middle East?conflict have fueled inflation concerns and put pressure on stocks. Oil prices rose for the third consecutive session as prospects of a U.S. - Iranian peace deal dimmed. Tehran announced it would take a more aggressive stance, and Washington said that it wouldn't extend a ceasefire agreement. U.S. crude climbed 0.82%, to $85.17 per barrel. Brent was up...

?U.S. Government bond yields eased on Tuesday. However, longer-dated yields remain near multi-year-highs. The 30-year Treasury yield had earlier reached a level not seen since 2007. Fears of a Middle East conflict that escalated fueled inflation fears and weighed heavily on stocks. Brent crude reached its highest level since late last week after Washington and Tehran's latest signals crushed hopes for an imminent resolution to the conflict. U.S. crude climbed 0.3% to $84.75 per barrel while Brent dropped to $90.79, a 0.09% drop on the day. The yields on Treasury bonds have increased despite recent soft economic data in the...

The United States' long-term borrowing costs to Japan and Germany reached their highest level in decades on Tuesday as new inflation concerns added to the nagging concern about the fiscal pressures that are facing some of the largest economies around the world. The 30-year bond yields of the United States - the world's most important government bond market - hit their highest level since 2007. Oil prices -- which are up 50% this year -- have risen back above $90 per barrel, causing inflation fears as U.S. - Iran peace hopes fade. In Japan, fears of inflation and the expectation...

The sell-off of U.S. government bond prices accelerated?on? Tuesday. This sent the 30-year Treasury yield to a two-decade?high as inflation fears and stock pressure were fueled by?fears?of an escalation?in the Middle East conflict. Brent crude oil prices rose for a third day in a row, after Washington and Tehran's latest signals crushed hopes that the Middle East conflict would be resolved soon. The market's response shows that tensions remain high in the Middle East, and a new escalation could have a ripple effect on oil, bonds, currencies, and stocks. The Federal Reserve's recent rate hikes were tempered by a recent...

Four traders reported that the price of Russia's ESPO blend crude oil for October delivery to China can be up to $1 per barrel higher than ICE Brent. This is due to the strong Chinese demand as well as uncertainty about Middle East and Iranian oil supplies. The traders reported that Asian buyers were looking for alternatives to Middle Eastern crude oil due to concerns about the disruption of shipments across the Strait of Hormuz. Oil prices rose Monday, despite the lack of progress in diplomatic efforts to resolve the Middle East conflict. One of the traders stated that they...

Markets reduced bets on an imminent rate hike by the Federal Reserve after a series of soft U.S. data, which included an 'unexpected drop in the retail sales. According to CME Group's FedWatch, a hike in the next month has been priced at 30%. This is down from 50% a week ago. The STOXX benchmark, which measures 600 large European companies, rose by 0.21%. This followed earlier gains of MSCI's broadest Asia-Pacific index outside Japan (which rose 0.5%), while Japan's Nikkei rose by 0.3%. The Hang Seng index rose 1.6% and Chinese blue-chips gained 0.8% ahead of the release of...

Asian shares edged higher on Monday, led largely by Chinese stocks, ahead of important economic data. Investors kept a watchful eye on oil prices, after a large gain last week, amid a deadlock in the Gulf conflict. After a string of weak data, including a surprise drop in retail sales and a lackluster run of economic reports, markets have given up on betting that the Federal Reserve will soon raise interest rates. According to CME Group's FedWatch, a rate hike in the next month has been priced at 30%. This is down from 50% a week ago. The broadest MSCI...

Ankur Banerjee gives us a look at what the day will bring for the European and global markets. The yen is back in the intervention area, but it's fate now seems to depend on the Fed's policies and the Bank of Japan's aggressive hikes, after the joint operation with the U.S.' failed to stop the currency's fall. The currency is heading for its worst three-month period, with the rate hovering around 159.37 dollars per U.S. Dollar, moving ever closer to 160, which could trigger another round of intervention. Tokyo spent billions to prop up the yen between April and May,...

China's?exports of electric trucks to other Asian nations have soared. This is in addition to an increase in domestic sales, as the?higher fuel costs as a result of the Iran War accelerate regional electrification. China's rapid adoption of etrucks - from lighter vehicles to tractors-trailers - has shielded the 'world's largest auto market' from the conflict. Other countries are now scrambling for a chance to catch up. China's heavy etruck exports have more than doubled in the last four months since the U.S. and Israel started the war, on February 28. They now total 16,823 vehicles. The majority of the...

What's important in U.S. and Global Markets Today By Mike Dolan, Editor at Large, Finance and Markets The July consumer inflation report was not spectacular, but it did offer some relief to the markets who were worried about a surprise on the upside. The annual headline and core rates were lower than expected. However, the core price increase for July was higher than forecast. Below, I will get to that and more. Check out my latest article, which explores AI's impact on inflation and employment so far. Listen to the most recent episode of Morning Bid, the daily podcast. Subscribe...

Oil prices fell on Wednesday as traders awaited the outcome of talks to end Iran's war. U.S. inflation data showed only a small increase, which dampened some expectations about a Federal Reserve rate hike. The U.S.-Iran talks were at a standstill. Both the United States and Yemen’s Iran-aligned Houthis have reported separate attacks on ships. Oil prices fell as investors took into account lower demand expectations. Data released on Wednesday showed that U.S. consumer price index increased by 0.1% in July. This was in line with the expectations. This small increase may weaken the case for a Federal Reserve interest...

Oil prices and global equity markets increased after the talks to end Iran's war reached an impasse. The markets then turned to the U.S. inflation data later that day. The?U.S. Consumer prices data will provide signals about the timing of a Federal Reserve rate increase. The data may not reflect the latest rise in oil price, but it can still be used to set expectations for next month's Fed meeting when the money markets predict a roughly 50/50 chance of an increase. According to a survey, consumer prices are predicted to rise by 0.1% in the month of July after...

According to multiple trade sources and ship tracking information, China's state owned?Sinopec Corp., the world's largest refiner, increased purchases of Far East Russian Oil to compensate for Middle East oil supplies that were reduced by the Iran War. Sinopec has been able to maintain a relatively stable output and export fuel surpluses on a strong margin due to its purchases of Russian oil, which is cheaper than competing grades from Brazil and West Africa. This was despite China's decision in March of limiting the overseas sale of fuel products, as a way of protecting domestic supply during trade disruptions caused...

The decision of the core members to increase crude?oil quotas in September is easy to dismiss as a meaningless act, given the disruptions caused by?Iran's conflict. As long as the Strait of Hormuz is largely closed, and as long as there are no solutions to the threats to the Bab el-Mandeb, the oil-exporting groups will have little chance of being able to deliver what they agreed to produce. Saudi Arabia, Russia and Kuwait are among the seven OPEC+ members who have agreed to voluntary cuts in output. Algeria, Kazakhstan, Kazakhstan, Algeria, Kuwait, Kuwait, Saudi Arabia and Oman also agreed. The...

Can India do for Asia's refined-fuels market what China did? China drastically cut its crude imports to a decade low in June in response to the U.S. and Israeli war against Iran. This freed up oil for buyers who were struggling to find cargoes due to the 'effective closure of Strait of Hormuz. India has taken a different approach, purchasing Russian crude oil and increasing?exports?of refined products in order to offset the lower shipments of refineries from the Middle East and Russia. According to commodity analysts Kpler, India's light and middle distillates exports are expected to hit 1.55 million barrels...

Kyrgyzstan agreed to build a mini-oil refinery worth $25 million in the south of the nation as part of its efforts to increase domestic fuel production and reduce dependence on imports due to tightening Russian supplies. Central Asian Energy LLC of Kyrgyzstan, who will finance the project, recently signed an agreement with the Kyrgyz company to build the refinery. The plant will produce bitumen, motor oil and gasoline that meets?K5 or K6 environmental standards. The first phase of the construction should be completed by autumn 2026. Kyrgyzstan imports a majority of its gasoline from Russia. Fuel shortages in Russia have...

China's reaction to the Iran conflict is not surprising, but the degree to which the world's largest?crude oil importer reduced its oil imports and refinery production. China has a "strong record" of reducing crude imports to respond to rising prices and increasing arrivals when the price drops. The collapse of imports in June to their lowest level in nearly 10 years was dramatic. This is especially true when you consider that, despite the fact that crude prices spiked in the weeks following the U.S.-Israeli attack on Iran in February, they did not reach the levels reached in 2022 after Russia...

Saudi Aramco has cut its crude oil price for Asia, for August-loading shipments. This move appeared to signal an intention to regain market shares and recover volumes following the Iran War. Even the record-breaking 'August official selling price' (OSP), may not be sufficient, since crude oil from other Middle East producers and exporters from Africa and the Americas are likely to remain more competitive. Aramco, 'the world's largest oil exporter', has set its OSP at a $1.50 discount to the regional benchmark of Oman/Dubai for August. It was the largest drop in record since 2003, with a $11 reduction from...

Asia's crude oil imports by sea?rose slightly in June, but remained near their lowest levels in over a decade due to the impact of the?Iran Conflict on shipments from Middle East. Data from commodity analysts Kpler show that the top importing region will receive 20,71 million barrels of oil per day in June. This is up a fraction from the?20.39million bpd received in May and almost 2 million bpd more than the 18,77million bpd achieved in April. The imports of Asia remain well below the average 26.79 millions bpd for the three-month period prior to the United States' and Israel's...

Asia's crude oil imports are expected to return to pre-Iran Conflict levels, but the flow of refined products is still constrained. Fuel prices reflect this supply stress. According to data compiled by Kpler, the world's largest energy consumer region is expected to import 22.18 millions barrels of crude per day in June. This represents an increase from 20.35million bpd imported in May. The arrivals in June are still below the 26.76m bpd average for the three months leading up to the United States' and Israel's attack on Iran, which took place on February 28. The figures are still well above...

Singapore's oil product inventories, Asia's main trading hub, remained near 13-year lows for a second consecutive week, mainly due to softer distillates and stable residual stocks. Official data on Thursday showed that middle distillates inventories had risen. Enterprise Singapore's data shows that onshore oil product inventories totaled around 35.26 millions barrels for the week ending 17 June, a slight increase from the 34.41million barrels of the previous week. Since the U.S. - Iran war began, oil stocks have been dwindling globally due to a lack of cargo shipments from the Strait of Hormuz as well as a reduction in existing...

Official data on Thursday showed that oil product inventories in Asia's main trading hub Singapore fell to their lowest level?in almost 13 years. This was due to a'sharp' decline in residual fuel stocks as the Middle East conflict continued. Enterprise Singapore's data shows that the combined onshore oil products stocks fell to 34.41 millions barrels during the week ending June 10. This is the lowest level since July 2013. The oil inventories at global storage hubs are shrinking, as Middle Eastern shipments continue to be curtailed by the U.S. - Iran?war. In the week ending June 10, inventories of residual...

According to shipping data, and analysts, Iranian crude oil exports and condensate fell to their lowest levels?in six years?in?May. They were well below 300,000. barrels per day. This was mainly because of the U.S. Naval Blockade. The U.S. started enforcing its blockade in April, which choked Iranian exports. This is because the oil market has been facing a shortage of supply due to the Iranian closure of the Strait of Hormuz, cutting off exports from Saudi Arabia. Vortexa data indicates that Iran's exports in May averaged around 209,000 bpd, down sharply from the 1.34 million in April and almost 1.9...

Analysts and industry officials say that China will continue to draw on its record crude oil inventories, as refiners reduce imports while maintaining production curbs in order to minimize losses due to weak fuel demand. The tepid demand from the world's largest crude importer is partly limiting global oil prices. They have fallen 19% since May, despite a strained truce between the U.S.A. and Iran. And the Strait of Hormuz remains largely closed a third time. Beijing has taken a number of measures to protect the country against the soaring Middle East crude oil prices. These include maximizing domestic drilling...