Latest Oil Market News and Analysis for Oct. 21
Oil steadied after a choppy session on Tuesday that saw traders parse conflicting headlines on efforts to end the US-Iran war.
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Oil steadied after a choppy session on Tuesday that saw traders parse conflicting headlines on efforts to end the US-Iran war.
Oil wavered as traders weighed the prospect of an escalation in hostilities by Iran in the Strait of Hormuz against robust crude flows from the Persian Gulf.
Mauritius Commercial Bank reported an increase in net interest income for the full year that’s as geopolitical tensions are driving up oil & gas prices. Jennifer Zabasajja, Bloomberg's Chief Africa Correspondent spoke to Thierry Hebraud, CEO of Mauritius Commercial Bank on the earnings and the formation of the new Africa Credit Ratings agency. (Source: Bloomberg)
Nigeria’s financial-market dealers project a US$8.69 billion current account surplus for July to September, driven by oil and weaker imports. The post Nigeria Current Account Seen at US$8.69 Billion appeared first on The Rio Times.
Oil steadied as traders weighed increased flows through the Strait of Hormuz against a pickup in Iranian attacks against vessels.
Oil dropped after Saudi Arabia cut prices of its benchmark grade to Asia as flows expand, offsetting a lift from intensified fighting in Yemen.
Oil rose a second day as uncertainty over progress in US-Iran talks weighed against signs of strong demand and a resumption of flows through a key pipeline from top exporter Saudi Arabia.
US Treasuries steady after a selloff drove global yields to the highest in decades, while US equity futures extend gains for the week. Oil falls as the US and Iran negotiators explore a phased deal to reopen the Strait of Hormuz. The Trump-Xi summit delivers the pageantry, but few substantive announcements. Anna Rosenberg of Amundi Investment Institute joins "Bloomberg Brief" to dive deeper into the takeaways from the Trump-Xi summit. Max Kettner of HSBC discusses the week in Treasuries. (Source: Bloomberg)
Oil steadied as US and Iranian negotiators were said to be exploring a phased deal that would see Tehran reopen the Strait of Hormuz.
Paul Sankey, president at Sankey Research, warns of oil market risk from tightness in US refining capacity as diesel reaches new record highs. Sankey discusses the effects of a potential US diesel export ban and the lingering impacts he sees for the global oil market through the end of this year and into 2027. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Bob McNally, founder and president at Rapidan Energy Group, explains the potential global market impact if the United States was to ban the export of diesel. McNally says the move by the US “would shatter its reputation as a safe place to invest for a generation.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)