Private survey inventory shows a huge headline crude oil draw vs. build expected
Via oiprice.com:Expectations I had seen:headline crude oil +0.3mn barrelsdistillates –2.3mn bblsgasolina -2.1mn ...
UAE quits OPEC and OPEC+
UAE quits OPEC, likely in a protest over the war. They will be leaving May 1.Oil fell on this on what’s assured ...
Silver erases all post-ceasefire gains as hawkish central banks weigh on precious metals
FUNDAMENTAL
OVERVIEWSilver has now erased all
the gains since the start of US-Iran ceasefire as the current s ...
Iran has 22 days of storage left as naval blockade drives exports to near collapse
Iran has just 12 to 22 days of unused crude storage remaining, with exports down 70% under the U.S. naval blockade an ...
Vance said to question Pentagon’s war picture as US missile stockpiles face serious strain
VP Vance has privately questioned Pentagon briefings on the Iran war and raised concerns about serious U.S. missile s ...
Trump sceptical of Iran’s Hormuz offer as nuclear demands remain the sticking point
Trump and his national security team are sceptical of Iran’s Hormuz offer, with officials saying he doubts Tehr ...
WSJ: Trump sceptical on Iran’s Hormuz proposal but White House presses on with talks
Trump is said to harbour doubts about Iran’s Hormuz proposal even as the White House signals it will keep negot ...
U.S. and Iran closer to deal than it seems as mediators push for Hormuz agreement first
U.S. and Iran are closer to a deal than they appear, with talks focused on a staged process starting with Hormuz reop ...
U.S. and Iran closer to deal than thought, with Hormuz access key to any agreement
The gap between Washington and Tehran may be narrower than it appears, with early negotiations expected to centre on ...
Bessent warns global aviation sector: service Iranian airlines and face U.S. sanctions
Bessent warns firms providing fuel, maintenance or airport services to sanctioned Iranian airlines they face U.S. san ...
Scotia more bullish on copper as supply keeps disappointing — 3 big mines just got smaller
The copper bull case got a fresh proponent today as Scotiabank’s Orest Wowkodaw is back with a market update ba ...
Oil and stock markets are both at the highs of the day
Trump was unusually quiet on Truth Social today but just tweeted out something about talk show host Jimmy Kimmel, cal ...