Energy Markets

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...

Morgan Stanley's report on Tuesday stated that the U.S.-Venezuela Oil Agreement strengthens the outlook of?Venezuela?s sovereign debt restructuring, and encourages higher oil production, though key details are still unclear. Last week, the U.S. announced an agreement with?Venezuela under which North American Blue Energy Partners would be granted a concession for 100 years covering 17 oilfields estimated to have 65 billion barrels in reserves. The U.S. government will receive a 35% stake in the parent company, as well as the right to buy 20% of the future output at cost, and the first refusal on the remaining 80%. Morgan Stanley has...

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...

The 'U.S. The 'CBNA London' unit of the bank made money available to those who were affected by sanctions. The Office of Financial Sanctions Implementation in Britain said that the majority of breaches took place between February and November 2022 and CBNA London voluntarily reported the majority of breaches to the regulator. Since the Russian invasion of Ukraine, in February 2022, Britain and the United States have imposed sanctions against thousands of individuals, entities, and ships. OFSI stated that many breaches occurred after sanctions were initially imposed, which they said placed "significant stress on the alert handling and investigative processes...

The United States launched another wave of attacks against Iran on Tuesday evening, six months after the conflict was declared deadlocked. This prompted Iran to fire missiles at what it called U.S. assets located in Jordan, Bahrain Kuwait and Iraq. Iran could retaliate in other ways if the conflict escalates or a U.S. The campaign to choke Iran's economic system intensifies. IRAN COULD 'EXPAND' ATTACKS on GULF STATES Iran has struck its neighbours repeatedly in response to U.S. strikes and has threatened to retaliate to anyone who takes part in U.S. attempts to strangle the economy of the country with...

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...

The?U.S. The?U.S. military announced late on Tuesday that it had completed its latest round of'strikes against Iran. It said it had'struck Islamic Revolutionary Guard Corp?targets, as the Iran War escalated after a weekend firefight. U.S. Central Command reported that U.S. forces had struck IRGC target "including air defence sites, radar systems and maritime assets, mine-laying capabilities and communications sites", the U.S. Central Command stated on X. Axios reported, citing U.S. government officials, that the U.S. army?attacked 2 Iranian government tanks in Tuesday's attacks. Iran responded on Tuesday to a barrage of 'U.S. The exchange of strikes marked the most significant...

The dollar gained on Tuesday, as renewed U.S. - Iran hostilities?sent the oil prices higher and fueled inflation fears?and sparked a global bond saleoff. Tuesday, the U.S. launched a 'new air strike on Iranian targets' which pushed oil prices over 4% higher. The dollar index (which measures the greenback versus a basket including the yen, the euro and other currencies) rose by 0.27%, to 99.68. Meanwhile, the euro fell 0.23%, to $1.1589. The yield on the 10-year Treasury note reached its highest level since January 2025. Investors are urged to buy safer assets such as the U.S. Dollar by higher...

The dollar gained on Tuesday, as renewed U.S. - Iran hostilities sent the oil prices higher. This fueled?inflation fears and sparked a global 'bond saleoff. After the first direct attack in a week, U.S. president Donald Trump has threatened to strike again against?Iran?. This has pushed oil prices over 2% higher. The yield on the 10-year Treasury note reached its highest level since January 2025. Karl Schamotta is the chief market strategist for Corpay. He said that the dollar was rising as a result of the hostilities between Iran and the U.S., which increased inflation risks and raised the possibility...

What is important in U.S. markets and global markets today By?Mike Dolan Editor-at-Large for Finance and Markets As September begins, the world markets are preparing for another storm of government bonds. Following Kevin Warsh’s Jackson Hole speech, U.S. Treasury rates climbed?across curves, with the benchmark 10-year borrowing rate reaching its highest level since Donald Trump took office in January of last year. Below, I'll explain more. Listen to the Morning Bid Daily Podcast, which discusses the bond rout, and Shein's poor IPO. Subscribe to the podcast and hear journalists discussing the latest news in finance and markets seven days a...

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...

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...

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...

Malaysian palm futures dropped nearly 2% on Wednesday. This was the second session of losses after a recent rally harmed its competitiveness with rival'soyoil', and sluggish imports fuelled fears over increasing inventories. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was down by 93 ringgit or 1.88% at 4,853 Ringgit ($1,206.31). The contract dropped by 1.43% during the previous session. Palm's recent price rise has eroded some demand, as the soybean oil prices in Indian ports are cheaper than palm oil. Meanwhile, refining margins continue to be razor thin. He said that if demand did...

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...