Russian oil drilling has reportedly dropped to the lowest in three years in 2025
Newsquawk Staff ·
Russian oil drilling has reportedly dropped to the lowest in three years in 2025.
What it means
The decline in Russian oil drilling to its lowest level in three years is critical as it could tighten global oil supply, putting upward pressure on prices. This situation may influence not just energy markets but also broader inflation trends and currency dynamics, particularly with commodity-linked currencies like the CAD and NOK being impacted.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- 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 Democrats
- 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 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
Related headlines
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings1 hour ago
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios2 hours ago
- Atlanta Fed GDPNow (Q3) 3.3% (prev. 3.4%)23 min ago
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago
- 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 Bloomberg52 min ago
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels2 hours ago
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline2 hours ago
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement3 hours 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 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
- Iranian Parliament Speaker Ghalibaf says Iran will respond to any act of aggression in a way beyond imagination4 hours ago
- US EIA Heating Oil Stocks Change (Oct/23) 0.164M (Prev. 0.652M)43 min ago
- US EIA Crude Oil Imports Change (Oct/23) -0.796M (Prev. 0.837M)43 min ago
- EIA Cushing Crude Oil Stocks Change (Oct/23) -0.624M (Prev. 0.987M)43 min ago
- US EIA Refinery Crude Runs Change (Oct/23) -0.123M (Prev. 0.034M)43 min ago