ESPO Blend spot premiums for June delivery ease in China amid weak refining margins, Reuters sources say
The easing of ESPO Blend spot premiums for June delivery in China indicates weaker demand or oversupply conditions, likely driven by poor refining margins.
Mexican Retail Sales YoY (Feb) Y/Y 3.1% (Prev. 5%)
Mexican Retail Sales MoM (Feb) M/M -0.9% (Prev. 1%)
ESPO Blend spot premiums for June delivery ease in China amid weak refining margins, Reuters sources say
Union Pacific (UNP) Q1 2026 (USD): Adj. EPS 2.93 (exp. 2.85), Revenue 6.2bln (exp. 6.21bln)
An Iranian diplomatic source stated on the 23rd that preparations for talks between Iran and the United States in Pakistan may see a breakthrough "tonight or tomorrow.", according to CCTV
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 scenario reflects broader market dynamics affecting oil pricing, potentially putting downward pressure on crude benchmarks and impacting related commodity currencies.
Related headlines
- Russia's Kremlin says that Europeans are harming themselves by buying gas on the spot market at a higher price than Russian gas3 hours ago
- Turkish Energy Minister says that they are starting an oil exploration in the Western Black Sea in the coming days5 hours ago
- CPC oil terminal on the Black Sea was reportedly attacked by drones overnight7 hours ago
- Iraq reportedly seeks significant output quota increase during OPEC+ audits, wanting to target 6mln bbls/day, Bloomberg reports9 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 injuries9 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL19 hours ago
- Stocks of crude oil in the US SPR fell by about 1.2mln barrels to 285.4mln barrels last week, lowest since 198222 hours 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)1 day ago
- Qatar LNG vessel closes in on Strait of Hormuz for exit, according to reports, citing data1 day ago
- Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed2 days ago
- CRUDE WRAP: WTI (V6) SETTLES USD 0.18 HIGHER AT USD 91.48/BBL; BRENT (X6) SETLES USD 0.76 HIGHER AT USD 96.28/BBL4 days ago
- [MARKET UPDATE] Energy benchmarks continue to bid higher, Brent X26 extending above USD 95/bbl while WTI V26 nears USD 91/bbl; follows unconfirmed social media reports of a missile fired from Iran (REMAINS UNCONFIRMED)4 days ago
- Iraq's oil ministry says August crude exports reached around 70mln barrels4 days ago
The whole workspace, free to try.
Try it free