OPEC+ likely to agree on oil output quota hike of 188,000 bpd at the June 7th meeting
While the nominal increase does little to alter the actual physical balance of global supply, energy analysts view th ...
Goldman Sachs says global oil stockpiles falling at record pace as Hormuz flows hit 5%
Global oil stockpiles are falling at a record 8.7 million barrels per day in May as Hormuz flows sit at just 5% of no ...
Iran claims regulatory control over Strait of Hormuz in new maritime zone
Iran’s newly formed Persian Gulf Strait Authority has declared a controlled maritime zone across the Strait of ...
Silver follows gold lower as precious metals remain under pressure amid rising real yields
FUNDAMENTAL
OVERVIEWSilver followed gold lower yesterday and dropped into new lows as Treasury yields extended th ...
Gold extends the losses as Fed rate hike risks increase amid prolonged US-Iran stalemate
FUNDAMENTAL
OVERVIEWAfter a brief consolidation on Monday, gold fell into new lows yesterday. The
main driver ...
Citi bull case Brent hitting $150 near term as oil markets under-price disruption risk
Citi forecasts Brent crude will reach $120 per barrel near term, warning oil markets are under-pricing prolonged supp ...
Oil slips a little on Trump peace talk but supply fears keep prices elevated
Brent fell 0.4% and WTI slipped 0.3% after Trump claimed the Iran war will end very quickly, though investors remain ...
War ICYMI – Trump briefed on Iran strike options after pausing attack, officials say
Trump convened a national security meeting on Iran war plans Monday evening, hours after announcing a pause in strike ...
US Senate advances war powers vote to curb Iran strikes without Congress (doesn’t matter)
The US Senate voted 50-47 to advance a war powers measure that would require Congressional approval before further st ...
Oil: Private inventory survey shows a headline crude oil draw much greater than expected
Huge draw …Expectations I had seen centred on: Headline crude -3.4 mn barrelsDistillates -1.3 mn bblsGasoline - ...
Oil prices remain persistently elevated amid prolonged US-Iran stalemate
FUNDAMENTAL
OVERVIEWOil prices continue to range around triple digit levels as the prolonged
US-Iran stalemat ...
PM Albanese secures 600,000 barrels of jet fuel from China as Australia shores up supplies
Australia has secured three shipments of jet fuel totalling more than 600,000 barrels from China, due from early June ...