Indonesia economy minister says it will increase jet fuel surcharges
This move by Indonesia to increase jet fuel surcharges suggests a response to rising oil prices, particularly as they indicate a threshold for maintaining subsidized fuel prices at an average of USD 97.
[MARKET UPDATE] DXY falls under Friday's lows to a fresh 99.87 trough, whilst T-note futures tick higher and with crude futures at session lows, with the energy complex feeling heavy after reports regarding efforts to pause/end the Iranian war
Tesla (TSLA) South Korea sales up 330% to 11,134 vehicles in March, Reuters reports
Indonesia economy minister says it will increase jet fuel surcharges
[MARKET UPDATE] DXY at fresh lows and tests 100 to the downside (Friday's low at 99.95), whilst equity, crude, and fixed income futures remain stable
Iran and US presented with draft proposal that includes 45-day ceasefire, Strait of Hormuz opening, two officials tell AP
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.
- Indonesia to maintain subsidised fuel prices if oil avg. USD 97
This could tighten supply dynamics in the jet fuel market and impact broader commodity prices, potentially increasing inflationary pressures. Watch for how this affects WTI prices and sentiment in related currencies like the USD against energy-sensitive economies.
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 25 min ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports1 hour ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent4 hours ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened5 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates11 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes11 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal5 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week11 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 203013 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement5 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20268 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)12 hours ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl4 hours ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes6 hours ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest6 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes7 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)13 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war10 hours ago
- Japanese PM Takaichi says Japan will strengthen and diversify energy supplies, including oil, while boosting cooperation on critical minerals and supply-chain resilience with the US, Australia and other partners6 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports1 hour ago
The whole workspace, free to try.
Try it free