Japan considers releasing an additional 20 days of oil reserves, according to Kyodo
Japan's potential decision to release an additional 20 days of oil reserves indicates a proactive approach to manage domestic supply and pricing amid heightened energy market volatility.
Dutch Inflation Rate MoM (Mar) M/M 0.7% (Prev. 1%)
Dutch Inflation Rate YoY Final (Mar) Y/Y 2.7% vs. Exp. 2.7% (Prev. 2.4%)
Japan considers releasing an additional 20 days of oil reserves, according to Kyodo
EU's Dombrovskis said the bloc will still be hit by a “stagflationary shock” of low growth and rising inflation despite the US-Iran ceasefire, while European Commission is preparing to cut growth forecasts, according to FT
US crude exports are projected to hit a record high in April as Asian customers hunt for supplies as an alternative for Middle Eastern oil, according to FT
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This move could alleviate short-term pressures on oil prices, influencing regional dynamics and potentially impacting trading positions in oil-related assets and currencies linked to energy exports.
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