Crude Oil

Asia's crude oil imports in August were still far below levels before the Iran conflict began, which raises questions about how much crude actually leaves the Middle East. According to Kpler's data, the top-importing continent will see arrivals of 23,12 million barrels a day (bpd). This is a slight decrease from July, when 23.36 million bpd was recorded. Imports are also down by almost 4 million barrels per day (or 14%) from the average of 26.91 million barrels per day in the three-month period ending February. The United States and Israel launched an attack on Iran on 28 February, prompting...

The oil prices fell 2% Wednesday, adding to the previous session's losses. This was due to renewed hopes that?the Strait of Hormuz? could be reopened after Iran announced it had resumed discussions with Oman about managing this strategic waterway. Brent crude futures dropped $1.78 or 2.0% to $86.80 a barge by 0027 GMT. U.S. West Texas intermediate crude futures were also down $1.49 or 1.8% at $80.87. Both benchmarks fell more than 3% Tuesday. Mitsuru Muraishi is an analyst at Fujitomi Securities. He said that the market has continued to react to developments regarding navigation through the Strait of Hormuz...

MSCI's global equity gauge rose on Monday as investors awaited?economic data, and Nvidia financial results. Meanwhile,?bond yields fell and oil prices dropped following a U.S. The threat to extend sanctions against Iran. The yields on U.S. 30-year and 10-year bonds fell for a second day in a row as traders weighed up the implications of U.S. Treasury Sec. Scott Bessent’s decision to increase Treasury buybacks last week. Bessent warned on Monday that countries would face secondary sanctions if they did not cut financial ties to Iran as part of the "economic D-Day." Oil prices dropped to a 1-week low on...

MSCI's global equity gauge rose on Monday as investors awaited the release of economic data and Nvidia's results. Bond yields fell?and oil price dropped following a U.S. warning to 'expand' sanctions against Iran. The yields on U.S. 30-year and 10-year bonds fell for a second consecutive day as traders weighed up the implications of U.S. Treasury Sec. Scott Bessent’s decision to increase Treasury buybacks last week. Bessent, in what was dubbed "economic D-Day," warned on Monday that countries should cut off their financial ties to Iran or else face secondary sanctions. Oil prices dropped to their lowest level in a...

Investors weighed the impact of the new U.S. sanctions against Iran, which are more severe, on the oil prices. Brent 'crude 'futures were down by 9 cents or 0.1% at $92.16 at 0104 GMT. Meanwhile, U.S. West Texas Intermediate crude oil was up one cent at $85.02 a barrel. Both contracts dropped more than 2% Monday, with U.S. Crude Oil falling to an all-time low after the price had risen over the past two weeks. U.S. Treasury secretary Scott Bessent announced on Monday an expansion of sanctions in order to cut off Iran’s economic lifeline and force a ceasefire between...

China has been buying Iranian oil for many years. The U.S. is threatening heavy economic sanctions against Tehran. The Treasury Secretary,?Scott Bessent, was to hold a media conference on Monday at 1 pm EDT (1700 GMT). According to Kpler, a ship-tracking company, the following are some key facts about?China?s oil trade with Iran. How much oil does China currently buy from Iran? It's less than it used be. On July 13, the U.S. re-imposed its blockade on Iran's ports and ships in an effort to stop oil sales, as a deal aimed at ending their war fell through. This slowed...

As it prepared to launch economic sanctions against Iran's trading partners on Monday, the U.S. warned Iran of "the greatest financial assault ever marshalled". Iran, in turn, vowed "to shut down all oil exports" from the Gulf if the economic "war" continues. U.S. Treasury secretary Scott Bessent is scheduled to hold a news conference on Monday at 2 pm EDT (1800 GMT), promising even harsher measures against a country which has been subjected to economic sanctions almost continuously since the Islamic Revolution in 1979. Bessent, in a Sunday Financial Times opinion piece, wrote: "At dawn starts an economic D-Day -...

Scott Bessent, U.S. Treasury secretary, said on Thursday that he will hold a press conference on Monday to "discuss exactly what we're going?to?do?" on Iran. Donald 'Trump' warned on Wednesday that any country providing "any kind of lifeline" to Iran would face economic consequences. The United States is trying to end a six-month war with Israel. Bessent said to CNBC that "I believe oil?markets misinterpret what this economic pressure is." On Thursday, oil prices rose to a three-week high. Bessent stated, "We have asymmetrical information and I'm not certain why oil has appeared on this." "If we apply the maximum...

Investors assessed the prospects for the 'U.S.-Iran War and the safety of shipping through the Strait of Hormuz in the early trading on Thursday. Brent crude futures?for October delivery?rose?25 cents?or?0.3%?to $91.87 per barrel at 0037 GMT?while U.S. West Texas intermediate crude futures?for September?slipped 2 cents?to $85.81 per barrel? The more active WTI contract for October gained 14 cents or 0.2% to $84.53. Brent and WTI benchmarks both gained for a fourth consecutive session on Wednesday. They settled at their highest level since July 24. Later on Thursday, the?September WTI contracts expire. "Oil prices remain elevated, as the market is supported...

European government bond rates rose to multi-year highs as the global selloff intensified on Wednesday amid fears about the swelling of sovereign debt. Oil futures also gained for the fourth consecutive day, despite the fading prospects of an agreement to end the Middle East conflict. European stocks dipped, and Wall Street futures indicated modest declines, after Asian shares fell due to concerns over the outlook of semiconductor companies. South Korean shares ended the day nearly 6% down, their largest one-day decline in three weeks. Investors are worried about the high inflation and ballooning debt of the U.S. government, which is...

According to the Finance Ministry, Wednesday's rise in Germany's debt costs to a 15-year high is a reflection of the increased security threats facing the country following Russia's invasion into Ukraine and the necessity to spend a lot more on defence. In Wednesday's session, German borrowing costs for 10- and 30-year maturities reached a new 15-year peak. The bond yields for other major Western economies, including the U.S.A. and Japan, have also reached multi-decade heights this week. This is due to the ballooning government debt as well as geopolitics. The security situation in Germany changed dramatically due to the aggression...

On Wednesday, global bond yields stabilized at their highest levels in decades amid fears about soaring sovereign debt. Oil futures rose for the fourth consecutive day as the 'prospects' of an agreement to end the Middle East conflict receded. European stocks were largely flat, and Wall Street futures indicated gains of 0.1% after Asian stocks fell due to concerns over the outlook for semiconductor firms. South Korean shares ended the day nearly 6% down, their largest one-day decline in three weeks. Investors are worried about inflation and government debt, which is partly due to the Iran War pushing up oil...

Asia's crude oil imports in August were still far below levels before the Iran conflict. This raises further questions about how much crude actually leaves the Middle East. According to Kpler's data, the top-importing continent will see an arrival of 23,12 million barrels per day (bpd) this August. This is a slight decrease from July, when 23.36 million bpd were expected. Imports have also fallen by almost?4 million bpd or 14% from the average of 26,91 million bpd for the three-month period ending in February. The United States and Israel launched an attack on Iran on 28 February, prompting Tehran...

Six months after the 'Iran War,' the world’s most powerful oil coalition, OPEC+ finds itself in a new position. It is unable to influence a marketplace it?once shaped. The war has eroded OPEC's share of the market and its ability to influence prices. The group's policy decisions and statements barely affect oil markets any more. Analysts describe the worst ever supply disruption as a major factor in balancing oil markets. OPEC+, the Organization of the Petroleum Exporting Countries (and its allies, including Russia), accounted for 40% of the global oil production in July. Calculations based on data from the International...

Iran and Oman reached an agreement over their share of the Strait of Hormuz, and its revenues. However, the waterway won't reopen if the U.S. doesn't accept their conditions. Iran and Oman held intermittent talks about the control of traffic through the Strait. The strait handled one-fifth the global oil and LNG shipments prior to the start of the war in February. Tehran and Washington both imposed separate blockades to try to gain control of the channel. This has led global energy prices up. The Strait of Hormuz is owned by Iran and Oman... After a month of negotiations, we...

Rae Wee gives us a look at what the future holds for European and global markets. The?session began in Asia with a muted tone, as stocks drifted ahead of Nvidia’s upcoming?earnings, where high expectations are being placed on the artificial intelligence darling. Alibaba's $10.2 billion sale of shares at a steeply discounted price to fund its AI plans and Samsung Electronics disappointing shareholder-return program in the previous session weighed on technology shares. A roughly 45% drop in?the share price of Unitree after a five-fold increase on its Shanghai debut triggered concerns over bubble risk, retail investors losses, and flaws within...

Ryosei Akazawa, Minister of Economy, Trade, and Industry, said that Japan will not release any more crude oil in September or October. He said that the amount of crude oil purchased in September will be about 80% less than the average monthly volume last year. This is because tankers which would normally travel through the Bab el-Mandeb Strait, are now being rerouted to the 'longer Suez route. Akazawa, a Japanese?press officer, said that Japan expects the August purchase to be the same as last year, but the September?volumes are expected to decline. This is because shipments via Suez take 55...

Scott Bessent, U.S. Treasury secretary, invoked the 1944 D-Day landings of Allied forces in?France when announcing sanctions against Iran. The measures taken are superior to the much less successful Anzio Beachhead landing in Italy, which was another amphibious landing during World War II. Anzio was a battle that began with a successful landing of the Allies, but a lack of leadership led to the campaign stalling and turning into a long campaign of attrition. Bessent’s new measures are designed to choke Iran economically. They target companies and countries that do business with Iran in five different sectors: digital assets, technology...

Wayne Cole gives us a look at what the future holds for European and global markets. Investors are awaiting details about President Trump's economic 'war' on Iran. This has led to a nervous start for the Asian markets. The main move was a drop of 1.5% in the oil price. Treasury Secretary Scott Bessent will hold a press briefing at 2 pm EST (1800 GMT) on Wednesday to announce even more severe economic sanctions against a country which has been subjected to near-continuous sanctions since 1979's Islamic Revolution. Trump said that sanctions would also be imposed on any country that...

Investors began to question the effectiveness of the Treasury's support on Thursday, as bond prices slid and stocks were under pressure. The yield on the 30-year U.S. Government Bond rose by 3.05 basis points, to 5.2235%. It had fallen to 5.1765% a day earlier. This was after the Treasury announced that it would buy back additional longer-dated bonds. Prices and yields are inversely related. The bond market was closely watching the moves to see if they were able to stop a downturn that had sent shockwaves through multiple asset classes. The MSCI global stock index fell for four straight sessions,...

Rae Wee gives us a look at what the European and global markets will be like today. The markets were calmer on Thursday after the U.S. Treasury put a stop to an ugly bond selloff that occurred this week. However, the respite could be short-lived. U.S. - Treasury yields in Asia were stable, while Japanese government bonds yields dropped after the U.S. Treasury announced that it would double the buyback size for 10- to 30 year Treasury debt securities up to at least 4 billion dollars per operation. Scott Bessent, the U.S. Treasury secretary, intervened again in the currency markets...

The yields on U.S. government bonds eased slightly Tuesday, but longer-dated yields remain near multi-year peaks after the 30-year Treasury yield earlier reached a level that had not been seen since 2007. Fears of a Middle East conflict escalating fueled inflation fears and weighed heavily on stocks. The Nasdaq Composite fell by 1.33%. The Dow Jones Industrial Average dropped by 0.22%. And the S&P 500 was down 0.69%. Oil prices reached their highest level in over three weeks, after Iran announced that it would take a more aggressive stance. The Strait of Hormuz will remain closed and the United States...

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...

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...