Opec+ crude oil output rise largely symbolic as Hormuz strait stays closed
Opec+ will raise output by 188,000 bpd in June, but the move is largely symbolic while the Strait of Hormuz remains c ...
Gold could nearly double, $8K, as emerging market central banks ditch the USD for bullion
The $8,000 price target is conceptual rather than a formal forecast, but the structural argument underpinning it is d ...
US military to present Trump with fresh options for military action
US military commanders are set to present President Trump with fresh options for military action against Iran on Thur ...
ICYMI: Central banks buy 244 tons of gold in Q1 at fastest pace in over a year
Central banks bought a net 244 tons of gold in Q1 2026, the fastest pace in over a year, as the March price slump dre ...
Japan March industrial output falls 0.5% as Hormuz closure hits chemicals and fuels
Japan’s industrial production fell 0.5% in March, missing the +1.1% forecast, as Hormuz-linked disruptions cut ...
A desperate Trump pitches Maritime Freedom Construct coalition to reopen Strait of Hormuz
The Trump administration is seeking international partners for a “Maritime Freedom Construct” coalition t ...
Goldman: UAE exit from OPEC introduces oil supply upside risk once Strait of Hormuz reopen
Goldman Sachs says the UAE’s OPEC exit poses greater medium-term than short-term oil supply upside risk, with U ...
Brent crude breaks the Iran war highs
The oil market is in a bit of a panic today. The main catalyst is a Politico report saying:White House officials hudd ...
Crude oil extends to a new high above $107 to a new high of $107.63
Crude oil is taking a another step to the upside with a move to a new intraday high of $107.63. The current price is ...
EIA weekly crude oil inventories -6234K vs -231K expected
Prior was Gasoline -6075K vs -2136K expectedDistillates -4494K vs -2194K expectedAPI data from late yesterday:Crude - ...
Gold extends the losses amid US-Iran stalemate, hawkish central banks. What’s next?
FUNDAMENTAL
OVERVIEWGold has extended the
losses yesterday after a technical breakout of the recent consolida ...
China doubles May fuel exports but volumes stay well below pre-war levels
China has approved 500,000 metric tons of refined fuel exports for May, nearly double April’s quota but still w ...