Crude Oil

China's crude oil imports by sea increased in August compared to July, but were still nearly 40% below levels prior to the Iran conflict. According to Kpler, China's largest oil importer saw seaborne arrivals increase from 6.93 million barrels a day in July to?7.14 million bpd in August. August's imports fell by 4.27 % below the average of 11,41 million bpd during the three months preceding the U.S.-Israeli attack on Iran, which took place on February 28. China is absorbing the majority of the Middle East's lower crude oil volumes, as its exports are falling due to the restricted flow...

Labor Day, which falls on Monday, September 7, will impact the release of major economic, energy, and commodities reports in Washington for the week ending Sept. 6. The schedule is below. The times are in EDT/GMT. Treasury announcements are subject to change. Monday, September 7 Labor Day. Labor Day. Tuesday, September 8, National Federation of Independent Business releases Small Business Optimism Index, August 0600/1000 Conference Board releases Employment Trends for August 1000/1400 Treasury Dept. Treasury Dept. The U.S. Department of Agriculture releases weekly U.S. Export Inspections for Grains, Oilseeds at 1100/1500. Note: this week's inspections are delayed due to the...

As tensions between the U.S. and Iran escalated, oil prices rose on Friday. They are now heading towards their steepest weekly gains since mid-July. Brent crude futures rose by 54 cents or 0.6% to $96.06 per barrel at 0100 GMT. U.S. West Texas Intermediate crude crude futures gained 80 cents or 0.9% to $92.10. Brent and WTI both saw weekly gains of 7.6%, while WTI gained 10.4%, the biggest since the week ending July 20. The U.S. attacks on Iran this week, which killed and injured dozens of civilians including Iranians, were the most violent clashes that have occurred between...

Stella Qiu gives us a look at what the future holds for European and global markets. Christopher Waller, the U.S. Federal Reserve governor, urged overnight markets to "give deflation a shot" while?global bonds yields flew. The markets have now reverted to pricing this month's interest rates decision as a coin flip, deciding whether the Fed will?stay?pat or raises rates for the first three years. You can consider the job done. Then he suggested that the non-farm payrolls for August, which is due in the afternoon, was not the data you were looking for. The August CPI report due next week...

The price of oil rose on Friday, and is on track to be the highest weekly gain since mid July. Rising tensions and renewed U.S. - Iran hostilities have heightened concerns about Middle - East supply risks. Brent 'crude futures increased 15?cents or 0.2% to $95.67 a barge at 0100 GMT. U.S. West Texas Intermediate Crude Futures were up by 26 cents or 0.3% at $91.56. Brent was up 7.1% on a weekly basis and WTI 9.8%, the biggest gains since the week ending July 20. The U.S. attack this week, which killed and wounded dozens of people, including Iranians...

The stock markets rose on Thursday, while bond yields dropped as Federal Reserve Governor Christopher Waller indicated a willingness for patience in raising interest rates. The Japanese yen rose by 2% against U.S. dollars as traders increased their?bets that the Bank of Japan would raise interest rates. Waller said in'remarks at a NEXT Newsmaker Event that if upcoming statistics confirmed that?inflation -pressures are cooling, he would be inclined to advocate for keeping interest rates constant at the next meeting of the U.S. Central Bank. After the comments, the expectations for an increase in rates at the Fed’s mid-September meetings dropped....

U.S. Treasury Yields fell from a?multi-year peak on Wednesday. The benchmark 10-year yield is on track to end a five session streak of gains as investors assessed the 'latest round of data on the economy and crude prices fluctuated. Crude prices rose more than 1% after a?earlier 1% drop. Supply concerns from the Iran War overshadowed comments made by U.S. Energy Sec. Chris Wright who stated that 17 million barrels of crude oil passed through the Strait of Hormuz Monday. The ADP National Employment Report shows that private employment increased by 38,000 last month. This is below the 48,000 expected...

Investors awaited new developments in the U.S. - Iran conflict and the Japanese yen rose sharply against U.S. dollars. The yen's move was not immediately apparent. Over the past month, the currency has retraced approximately half of its gains made following a rare joint action by the U.S. On Wednesday, the yen rose by 0.92% to 158.72 dollars. Treasury yields in the United States have fallen from their multi-year highs. The increase in borrowing costs in major economies has heightened concerns over tighter monetary policies and worsening fiscal conditions. Investors remain focused on Iran a day after U.S. airstrikes on...

U.S. Treasury Yields eased on Wednesday from multi-year highs, with the benchmark 10 year yield set to end a five session streak of gains as oil prices fell and investors assessed the latest round economic data. Crude?prices dropped about 1% after U.S. energy secretary Chris Wright announced that 17 million barrels of crude oil had flowed across the Strait of Hormuz Monday. The ADP National Employment Report shows that private employment increased by 38,000 last month. This is below the 48,000 expected by the economists polled, following a revised upwards of 46,000 jobs in July. Thomas Urano is the co-chief...

Source familiar with the matter says that Kalshi will soon file a permanent?West Texas Intermediate crude contract with U.S. regulatory authorities, which would expand the offerings of the prediction market startup beyond cryptocurrencies and metals. The filing with the U.S. The filing with the?U.S. If approved, WTI crude oil would be the first perpetual oil futures product to trade on a U.S. regulated platform. This follows a strong demand for similar instruments on offshore decentralized markets such as Hyperliquid. Perpetual futures (or "perps") are derivatives with no expiration date. This allows traders to keep positions open indefinitely, without having to...

The world stock market fell Wednesday, as U.S. strikes on Iran drove oil prices to five week highs. This stoked inflation concerns and extended a global bond selloff. Tehran claimed that it had targeted U.S. assets in the entire region while Washington said that they struck Iranian military targets close to the Strait of Hormuz. This was the largest exchange of fire between the two countries since July. Brent crude futures rose 0.6% to $95.18 per barrel on fears of further disruptions in energy supplies. Wall Street futures predicted another slow start for Wall Street after the previous session, when...

Chris Wright, the U.S. Energy Secretary, said that after arriving in Venezuela on Tuesday that the 'deals' that oil companies from the U.S. The oil companies from the United States and other countries will sign deals in Caracas tomorrow that will result in a more-than-doubling of crude oil production over the next few decades. Wright is on a one day trip to Venezuela, the founding OPEC member. This is his second visit since U.S. troops seized Venezuela's Nicolas Maduro as leader in January. Venezuelan oil production peaked at over 3?million barrels a day in the late 1990s, but then?plummeted due...

Treasury yields, the dollar and S&P?500 all rose on Friday as U.S.?job creation?accelerated and unemployment rate remained steady. Investors are looking forward to the consumer inflation report next week as a key factor in this determination. The nonfarm payrolls increased by 162,000 positions last month, following a 21,000-job increase that was upwardly revised in July. Economists surveyed by predicted an increase of '56,000 following a previous reported decline of 23,000 jobs in July. Last week, the yield on 10-year benchmark U.S. notes increased by 1.21 basis points to 4.774%. Just after the report, it was 4.792%. The yields on two-year...

Bond yields fell on Thursday, as Federal Reserve Governor Christopher Waller's comments signaled a willingness for the Fed to be patient in raising interest rates. Waller said in remarks at a NEXT Newsmaker event that if upcoming data?confirmed?inflation pressures were cooling off, he was inclined to argue for keeping interest rates steady at the next policy meeting of the U.S. central bank. In remarks for a NEXT Newsmaker, Waller said that if upcoming data 'confirmed' a cooling of inflation pressures, he would be inclined to advocate keeping interest rates constant at the next meeting of the U.S. Central Bank. After...

Energy Secretary Chris Wright of the United States said that after arriving in Venezuela on Tuesday, the oil companies in the U.S. as well as?other countries will sign deals in Caracas tomorrow that will result in a more-than-doubling in crude production over the next few year. Wright is in Venezuela for a day-long visit, his second trip since U.S. troops seized Venezuelan leader Nicolas Maduro's office in January. Venezuelan oil production peaked at over 3 million barrels a day in the late 90s, but then plummeted due to a lack investment, poor management and U.S. sanction. In recent months, it...

In August, the crisis caused by the conflict in Iran in Asia's supply of refined fuels continued. The region that imports the most refined fuels dropped to its lowest level since the start of the war. According to data compiled by Kpler - a commodities analyst - Asia's imports for light and middle distillates in August were estimated at 5,10 million barrels a day (bpd), down from 5.61 millions bpd during July. Imports have dropped by about 2 million bpd from the 7.06 million bpd average in the three months prior to February 28, when Israel and the U.S. launched...

Investors worried about inflation and a new wave of interest rate increases were prompted by renewed fighting in the Middle East, which boosted oil prices. Japan's benchmark?10-year? has hit 3% for a first time in generations. The 10-year U.S. Treasury Yield, which is used as a benchmark to determine prices in all asset classes, broke resistance at 4.75% and now stands at 4.78%, its highest level since early 2025. The futures market for French and German bonds extended the selling, which drove yields up to 15-year highs. Australia's 10-year bond yield rose at the fastest rate in five months. Ryutaro...

As renewed fighting in the Middle East pushed oil prices above $90 per barrel, selling drove global bond yields to new highs. This put pressure on stock markets all over the world. The 10-year U.S. The 10-year?U.S. Treasury yield, which is used as a benchmark to set prices for all asset classes, increased 2.2 basis points, reaching a 20-month high of 4.78%. Japan's benchmark 10-year yield was close to 3%, the highest level in a generation. U.S. Futures stabilized after Wall Street Indexes recorded modest overnight drops, but the mood remained nervous as the U.S. Jobs data due on Friday...

Japan's crude oil imports increased by 17% from the previous year in July, as a result of a surge in U.S. Official data released on Monday showed that?shipments, a resurgence in Saudi Arabian purchases and lower supplies from Middle Eastern producers were offset by a rise in?supplies. The Ministry of Trade, Economy and Industry reported that imports increased to 2,38 million barrels a day (11.72 millions kilolitres) for the second consecutive month despite disruptions caused by the U.S./Israeli war against Iran. Imports to?the Middle East dropped 21.4% from July. The United Arab Emirates, Japan's two largest suppliers, and Saudi Arabia...

The Ministry of Economy, Trade and Industry announced on Monday that Japan's crude imports increased 17.0% from a year ago to 2.38 million barrels a day (11.72 millions kilolitres). The data revealed that Japan's domestic oil products?sales fell by?2.4% last month compared to the same period a year ago, falling to?2.16 million barrels per day. 1 kilolitre equals 6.2898 barrels The data revealed that gasoline sales fell 3.3%, to 791.233 bpd. Kerosene, however, was up 5.5%, to 54.238 bpd. Below is a table that shows Japan's July product sales, imports, and other statistics. Figures are converted from kl to bpd...

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...