IEA to recommend the release of strategic reserves, according to sources; volume in the first month would reportedly exceed 100mln barrels
The IEA's recommendation to release strategic reserves, reportedly exceeding 100 million barrels in the first month, signals a proactive response to supply concerns in the oil market.
Vnet (VNET), China's largest data centre operator, is considering a dollar bond sale to fund expansion, Bloomberg reports citing sources
Indian PM Modi says steps are being taken to cut India's dependence on others for energy
IEA to recommend the release of strategic reserves, according to sources; volume in the first month would reportedly exceed 100mln barrels
White House reportedly believes it can "withstand a brief spike in oil prices — for as many as four weeks... before the political hit does lasting damage", according to Politico citing sources
[MARKET ANALYSIS] Crude rises as geopolitics show no real signs of abating; copper falls as sentiment deteriorates
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 lead to increased supply in the short term, potentially moderating prices amidst heightened volatility. Traders should watch for impacts on crude oil prices and related currencies as the market reacts to this intervention.
Related headlines
- Kazakhstan’s August oil and gas condensate production rose 11% M/M, sources say3 hours ago
- Kazakhstan's oil and gas condensate output rose 11% M/M in August vs the prior month3 hours ago
- US retail diesel has hit a four-year high, attributed to global supply issues 3 hours ago
- Russia Deputy PM Novak says Russia is to slightly lower oil output in 2026, Tass reports4 hours ago
- Russian Deputy PM Novak says OPEC's role in the market remains important; will continue to exert significant influence on the oil market because of its high output5 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 0.79 HIGHER AT 91.01/BBL15 hours ago
- White House says that barrels from Venezuela deal could hit reserves in the US in November17 hours ago
- Venezuealan Government and Chevron (CVX) confirm they have signed agreements for oil expansion projects18 hours ago
- Venezuelan Government and Italy's Eni (ENI IM) sign agreements for oil expansion projects18 hours ago
- Traders said Russian ESPO blend for November delivery rose to a premium of USD 7–10/bbl over ICE Brent18 hours ago
- US SPR falls to 286.6mln from 289.7mln, -3.1mln20 hours ago
- EIA Expectations: Crude -0.8M, Distillate -1.3M, Gasoline -2.4M20 hours ago
- Russia's Deputy PM Novak says there is no talk about reducing OPEC+ quotas right now as there is a shortage in the market, IFX reports20 hours ago
- OPEC+ meeting on Sunday will not make any oil output policy decisions and will focus on discussing market conditions, sources say20 hours ago
- Iran’s border guards seized a vessel carrying 382k litres of smuggled fuel in the northern Gulf and detained 11 foreign suspects, Iranian state media reports20 hours ago
- Russian Deputy PM Novak says the fuel market is more stable this week than last week, with several refineries having completed maintenance, Interfax and Tass report20 hours ago
- Kaztransoil will allocate KZT 25bln to expand the Ton-2 oil pipeline to increase transit of Russian oil to China to 12.5mln T, reports Interfax21 hours ago
- Ukraine says it hits 12 large Russian oil refineries in August21 hours ago
- The Canadian Government will extend the temporary pause of federal fuel excise tax on gas and diesel until January 31st, 2027, according to CTV News21 hours ago
- US Energy Secretary Wright says Venezuela production +25% and exports +50%; China will not have a claim to Venezuela's oil fields21 hours ago
The whole workspace, free to try.
Try it free