China allows state oil firms to release their reserves amid US-Iran conflict
China's decision to allow state oil firms to release reserves comes amid escalating tensions between the US and Iran, indicating a potential maneuver to stabilize domestic supply and curb rising prices.
[CALENDAR ADDITION] Hong Kong Monetary Authority to hold technical briefing on stablecoin issuers at 17:00 local time today (10:00BST/05:00EDT)
UK Labour party deputy leader warned against a ‘bloody’ leadership contest to replace PM Starmer, according to FT
China allows state oil firms to release their reserves amid US-Iran conflict
[MARKET ANALYSIS] Asia-Pac stocks are mostly positive after Wall St extended on the ceasefire momentum, despite sporadic strikes
Taiwan is to launch an anti-dumping probe into China's polyamide films
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This could impact global oil markets by alleviating fears of supply disruptions, while also reflecting China's strategic positioning in international energy dynamics. Traders should monitor oil prices and related assets closely for any shifts arising from this development.
Related headlines
- EIA STEO: World oil demand 102.6mln BPD (prev. 102.7mln BPD), 2027 demand 105mln BPD (prev. 105mln BPD). 39 min ago
- Novorossisysk, Russia fuel terminal reportedly has a fire, according to reports2 hours ago
- Oil loading have resumed at the CPC terminal after drone attacks on Tuesday, according to the Kazakh Energy Ministry2 hours ago
- A fire was reportedly caused at an industrial facility in Novy Urengoy, Yamal, Tass reports; damage is still being assessed2 hours ago
- Dutch TTF prices has risen above EUR 80/MWH for the first time in around 3 years2 hours ago
- Russia's Kremlin says that Europeans are harming themselves by buying gas on the spot market at a higher price than Russian gas6 hours ago
- Turkish Energy Minister says that they are starting an oil exploration in the Western Black Sea in the coming days7 hours ago
- CPC oil terminal on the Black Sea was reportedly attacked by drones overnight9 hours ago
- Iraq reportedly seeks significant output quota increase during OPEC+ audits, wanting to target 6mln bbls/day, Bloomberg reports11 hours ago
- Qatar Interior Ministry says civil defence brought a fire on an oil tanker at the Al Wakra port under control and there were no injuries12 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL22 hours ago
- Stocks of crude oil in the US SPR fell by about 1.2mln barrels to 285.4mln barrels last week, lowest since 19821 day ago
- Germany's Economy Minister says German gas storage levels are in the range of 60-70% at the start of winter; there are import options, which are sufficient enough to meet expected winter demand1 day ago
- HSBC raises its H2'26 Dutch TTF gas price forecast to USD 22.5/MMBtu and its 2027 forecast to USD 17/MMBtu1 day ago
- UK government says a general licence will enable the continued operation of Azerbaijan’s Shah Deniz gas field1 day ago
- Iraqi Oil Minister says the Basra-Baniyas pipeline is under negotiation with US and Qatari companies1 day ago
- Iraqi Oil Minister says they will soon announce refinery development and construction opportunities for investors1 day ago
- Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations 1 day ago
- US President Trump posts: "Oil prices will drop precipitously, like everything else is dropping (but more!), when we WIN the war with Iran. Three Dollars a gallon, but ultimately, below Two Dollars a gallon. It will all happen quickly"1 day ago
- Germany said to discuss gas storage help with SEFE and Uniper (UN0 GY)2 days ago
The whole workspace, free to try.
Try it free