Fujairah Port oil exports fell sharply after the recent attack, dropping to 500K BPD on 5th May (vs 30-day average of 3.5-4mln), Windward data shows

The significant drop in oil exports from Fujairah Port to 500K BPD, down from a 30-day average of 3.5-4 million BPD, suggests a substantial supply-side disruption likely driven by the recent attack.

Newsquawk StaffPublished On the live feed at 5 more headlines followed before this page went public
Newsquawk headlinesUTC

Israel Energy Minister Cohen says they need to wait and see if a deal to end the Middle East conflict occurs, Iran must agree to all conditions

ByteDance’s GPU procurement budget reportedly rose to CNY 230bln (from CNY 160bln), while its CPU budget increased to CNY 100bln (from CNY 70bln), according to Macro Lin

Fujairah Port oil exports fell sharply after the recent attack, dropping to 500K BPD on 5th May (vs 30-day average of 3.5-4mln), Windward data shows

UK sells GBP 1.6bln 1.125% 2035 I/L: b/c 2.99x, real yield 1.463%

ECB releases paper on strengthening the macroprudential lens in the regulation of non-bank financial intermediation

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.

Free. No signup, no card.
Context

This sharp decline may put upward pressure on global oil prices, especially for benchmark crude like WTI, while also raising concerns about supply stability in the region.

Related headlines

The whole workspace, free to try.

Try it free