Japan's Vice Minister of International Affairs says the IEA's 400mln bbl of oil release is "not enough" to ease a very tight market
Every headline is on the live feed 20 minutes before this site.
EUROPEAN CLOSES: Euro Stoxx 50 +1.42% at 5,579, Dax 40 +0.96% at 22,595, FTSE 100 -0.15% at 9,903, CAC 40 +0.79% at 7,726, FTSE MIB +0.91% at 43,230, IBEX 35 +1.04% at 16,888, PSI +0.25% at 8,779, SMI +0.61% at 12,411, AEX +0.53% at 967
Occidental (OXY) CEO says 90-95% of growth will come from US assets, mainly the Permian
Japan's Vice Minister of International Affairs says the IEA's 400mln bbl of oil release is "not enough" to ease a very tight market
An oil supertanker hauling 2mln bbls of Iraq's crude got through the Strait of Hormuz with its signal off, the first vessel observed moving Baghdad's barrels through the Strait since it all but closed to commercial shipping due to the war
ECB's Radev says some indications of second-round effects are being seen
On the Newsquawk feed at , 20 minutes before this page.
Context
The comments from Japan's Vice Minister of International Affairs suggest that the recent 400 million barrels oil release by the IEA may fall short of alleviating current market tightness. This indicates ongoing supply constraints, which could lead to sustained pressure on oil prices, particularly WTI. Traders should consider the implications for inflation and monitor how this sentiment may influence energy market expectations in both the EU and US sessions.
Related headlines
- CRUDE WRAP: WTI (X6) SETTLES USD 3.44 HIGHER AT USD 101.41/BBL; BRENT (Z6) SETTLES USD 3.94 HIGHER AT USD 109.86/BBL1 day ago
- US lawmakers introduce bill to block US President Trump’s Russia diesel deal1 day ago
- Russia’s Ryazan oil refinery has halted operations of one of its primary units since October 15th drone attack, according to reports, citing sources1 day ago
- Russian President Envoy Dmitriev says Russia and the US discussed in the Arctic and LNG1 day ago
- Russia has reportedly doubled its attacks on Naftogaz facilities in 2026, sources say; Ukraine's 2026 gas consumption is seen falling by 1BCM after Russian strikes on business infrastructure1 day ago
- Russian Deputy PM Novak says that he sees no obstacles to direct diesel shipments from Russia to the US, adding that restrictions have been lifted, TASS reports1 day ago
- South Korea is reportedly to extend oil fuel price cap for another four weeks1 day ago
- Russia and Iran is reportedly discussing gas pipeline route and pricing1 day ago
- Japanese Chief Cabinet Secretary Kihara says Japan expects October crude procurement to be at the same level as last year1 day ago
- Germany's Upper House approves the further release of oil stocks following the G7 agreement1 day ago
- Russian Deputy PM Novak says the gasoline shortage on the Russian market currently is about 5%, Interfax reports; The global oil market is unbalanced, experienced shock, and has a significant supply deficit; the imbalance is estimated at 4-6mln barrels1 day ago
- Irib reports that the East-West oil pipeline of Saudi Arabia has been targeted once again; adds, detection of a new thermal anomaly in the Yanbu area, near the oil pipeline1 day ago
- Reports suggest that a force majeure at a natural gas field has been lifted1 day ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 1 day ago
- US FX WRAP: Dollar weighed by Warsh avoiding forward guidance 1 day ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
- Two rockets were launched from the city of Tabriz in western Iran, Sabreen reports; Two missiles fired from Iran towards the Strait of Hormuz1 day ago
- Indian shipping official says a crude oil tanker was targeted by a missile in the Strait of Hormuz; official also notes the Romania incident on October 14th1 day ago
- Iran's Deputy Foreign Minister says that Saudi Arabia is yet to respond to the Iran response on mediation efforts relating to Yemen1 day ago
- Iran Foreign Ministry Spokesperson says Iran is ready to help peacefully resolve issues between Saudi Arabia and Yemen; has always been ready to use best efforts to help resolve the conflict1 day ago
The feed had this first.
Use the Platform