Iraqi Oil Ministry says gasoline crisis will end next week, according to INA
Newsquawk Staff ·
Iraqi Oil Ministry says gasoline crisis will end next week, according to INA.
Sources
- US Weekly Private Inventory Data (bbls): Crude -4.9mln (exp. -1.1mln), Gasoline -2.0mln (exp. -0.7mln), Distillate -2.6mln (exp. -1.6mln), Cushing +0.9mln.
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.72 LOWER AT 97.82/BBL; BRENT (X6) SETTLES USD 0.76 LOWER AT USD 108.78/BBL
- IRGC Navy says super tanker struck sea mine, exploded off Hormuz; Fars reports; tanker carried 2mln barrels of oil
- [MARKET UPDATE] Another bout of pressure in the crude complex as the earlier reports via Al Araby Al Jadeed related to a "compromise proposal" gets wider airing; a move which is lifting the ES
- US Secretary of State Rubio says they will discuss with Reliance (RIL IN) about producing oil in Venezuela
Related headlines
- PRE-MARKET INDIAN STOCK NEWS: Bajaj Finance and Hindustan Zinc post strong Q2 profit growth; Jio Platforms' record IPO opens; markets reopen after Dussehra holiday`1 hour ago
- [MARKET ANALYSIS] Crude firmer after brief spike; gold and silver softer1 hour ago
- [MARKET ANALYSIS] Complex capped by energy; T-notes dip after Tuesday's bull-flattening1 hour ago
- [MARKET ANALYSIS] USD marginally firmer; AUD outperforms; price action quiet elsewhere1 hour ago
- No Qatari diplomatic delegation has travelled to Iran, contrary to earlier reports, Nour News reports, citing an informed source1 hour ago
- [MARKET ANALYSIS] APAC stocks mostly firmer on AI after-hours strength; KOSPI leads1 hour ago
- [MARKET UPDATE] Crude futures move higher by some USD 0.40/bbl over three minutes despite a lack of fresh drivers; UST and US equity futures marginally dip in tandem2 hours ago
- US President Trump says the Pentagon will invest USD 1.5bln in semiconductor chip production in North Carolina2 hours ago
- White House envoy Witkoff will meet Russian President Putin in St. Petersburg on Wednesday to present an updated Ukraine peace proposal following talks with Ukrainian President Zelensky, Axios reports4 hours ago
- Iran's IRGC Political Deputy says Iran will target internet cables in the Strait of Hormuz if its infrastructure is attacked, Mehr reports4 hours ago
- Iranian Foreign Minister Araghchi posts his interview with Iraqi network, says indirect negotiations with the US are continuing through intermediary countries, including Pakistan and Qatar, despite Washington's public opposition to talks6 hours ago
- Elon Musk reportedly ordered a slowdown of Ukraine's military-grade Starlink service, while Musk and Trump discussed the decision in a subsequent call, WSJ reports7 hours ago
- Iranian Foreign Minister Araghchi says Tehran has yet to receive a response from Saudi Arabia or Yemen's Houthis regarding its mediation initiative, while warning against trusting the US in negotiations7 hours ago
- No delegation from Qatar has traveled to Iran, Tasnim reports, citing an informed source7 hours ago
- US President Trump speaking on India, says a trade deal is pretty close8 hours ago