Italian Deputy PM says a price cap on petrol will be put forward
Newsquawk Staff ·
Italian Deputy PM says a price cap on petrol will be put forward.
What it means
The Italian Deputy PM's announcement regarding a proposed price cap on petrol signals a potential government intervention aimed at stabilizing fuel prices. This could create downward pressure on gasoline margins and influence the broader energy sector, while also reflecting ongoing concerns about inflation and living costs in the EU. Market participants should watch for potential impacts on crude oil prices and related commodities, as regulatory measures may alter supply-demand dynamics.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- Russia and Azerbaijan are discussing natural gas swap supplies, reports Interfax
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
Related headlines
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement2 hours ago
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects4 hours ago
- Equinor (EQNR NO) CEO says what happens in the Middle East determines the price of oil, refined products and gas; hopes that Britain will approve the Rosebank oilfield6 hours ago
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M32 min ago
- PREVIEW: BoC Rate Decision and Governor Statement due Wednesday 28th October, 2026 at 13:45GMT/09:45EDT1 hour ago
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats1 hour ago
- UK Budget, 28th October 2026: An uneventful budget expected, but the reaction risks are skewed negative3 hours ago
- EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat6 hours ago
- Newsquawk US Market Wrap - Stocks gain as AI fears fade while strong data supports the buck18 hours ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings37 min ago
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects1 hour ago
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th1 hour ago
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports1 hour ago
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports2 hours ago
- Rosatom says they will raise the number of construction workers at Iran's Bushehr nuclear power plant to 200 in November, reports Al Mayadeen3 hours ago