CRUDE WRAP: WTI (X6) SETTLES USD 3.71 LOWER AT USD 92.37/BBL; BRENT (Z6) SETTLES USD 3.05 LOWER AT USD 96.24/BBL
Factions pledged to cease any military activity that violates the Iraqi state; The committee tasked with inventorying weapons in Iraq has reached understandings stipulating that the inventory will end in June 2027, reports Al Arabiya citing sources
Qatar Foreign Ministry Spokesperson says Doha is trying to mediate and open the way for talks between Iran and the United States, Tasnim reports
CRUDE WRAP: WTI (X6) SETTLES USD 3.71 LOWER AT USD 92.37/BBL; BRENT (Z6) SETTLES USD 3.05 LOWER AT USD 96.24/BBL
Informed Ukraine source does not expect any breakthroughs yet in regards to the meeting between US President Trump and Ukraine President Zelensky, but attention is paid to energy de-escalation, reports Ukraine media RBC
Fed's Musaelm (2028 voter, Hawk) says without further policy restraint, it is more likely inflation will remain substantially above 2% target 18 months from now
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Oil prices weighed by diplomatic optimism around the US-Iran conflict and continued profit-taking of the strong gains were seen in early September. Initial upside sparked at the open from fresh Houthi attacks on Saudi's Aramco facilities and US President Donald Trump reportedly saying on Sunday that he is thinking of "blowing up" all of Iran as he left the Camp David retreat a day early to return to the White House. That said, the move faded perhaps as the NYT reported that Trump appeared on Sunday to hold off on attacking the Houthis, at least for the time being, according to an admin official. Further adding to the downside was potentially Trump signalling openness to meeting with the Iranian President at the UN General Assembly in New York. Out of Iran, the country reiterated that Hormuz will remain closed until its seven conditions are met and noted the war is not over; WTI and Brent traded between USD 91.19-97.22/bbl and USD 95.08-100.22/bbl respectively.
Energy updates:
- Saudi Aramco loaded 14mln barrels of crude on seven VLCCs from Gulf terminals on Sunday, Reuters reported..
- Moscow oil refinery has reportedly halted operations after a Ukrainian drone attack on September 20th, Reuters reported.
- Russia is reportedly planning to extend its diesel ban beyond the end of September, via Bloomberg.
- Libya’s Sharara (300k BPD) oil output drops by more than half after a pipeline shutdown, via Bloomberg.
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- Oil supertankers were observed at Saudi Arabian export installations in the Gulf over the weekend, Bloomberg reports citing satellite data7 hours ago
- US is seeking to phase out Russian uranium supplies to prepare for a full import ban44 min ago
- Qatar Foreign Ministry Spokesperson says Doha is trying to mediate and open the way for talks between Iran and the United States, Tasnim reports1 hour ago
- Informed Ukraine source does not expect any breakthroughs yet in regards to the meeting between US President Trump and Ukraine President Zelensky, but attention is paid to energy de-escalation, reports Ukraine media RBC1 hour ago
- US President Trump will challenge UK PM Burnham over Britain’s defence spending when the pair meet for the first time in New York on Tuesday, reports Telegraph2 hours ago
- US President Trump will meet with Ukraine President Zelensky in New York on Tuesday at around 13:00EDT/18:00BST, reports DW news citing a source3 hours ago
- Pakistani Interior Minister holds consultations in Iran on efforts to advance the peace process, reports ISNA4 hours ago
- French Foreign Ministry Spokesperson to Al Qahera News, says we are holding meetings with officials in Iran and the United States with the aim of achieving a ceasefire4 hours ago
- US President Trump, to Fox TV, says very big things are going to be happening in the not-so-distant future on Iran5 hours ago
- US VP Vance says that Iran will be discussed further at the UN and that he is working to protect the US Navy5 hours ago
- Traders circulating earlier reports that Iran says resuming talks to end the war with the US depends on the Trump administration meeting seven new conditions, according to a senior Iranian political source5 hours ago
- Houthi leader says the Saudi government is subordinate to the US, UK and Israel, and accuses Saudi Arabia of committing war crimes during the conflict in Yemen, Fars reports6 hours ago
- Iraqi government has a plan to disarm armed factions by mid-2027, with PM al-Sudani likely to inform US President Trump of the plan during their meeting in New York, according to an Iraqi official cited by Al Jazeera6 hours ago
- US President Trump over the weekend considered ordering a strike against the Houthis in Yemen before deciding to hold off for now, two US officials said reports Axios6 hours ago
- Ukrainian President Zelensky says there is dialogue with US President Trump and the US to end the conflict, solutions are possible and will be discussed on the sidelines of the UN General Assembly6 hours ago
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