Saudi Aramco extends suspension of LPG deliveries through May
Saudi Aramco's extension of the suspension of LPG deliveries through May points to potential supply constraints in the energy market.
Hungarian Deposit Interest Rate (Apr) 5.25% vs. Exp. 5.25% (Prev. 5.25%)
Hungarian Interest Rate Decision 6.25% vs. Exp. 6.25% (Prev. 6.25%)
Saudi Aramco extends suspension of LPG deliveries through May
US PRE-MARKET MOVERS: Semis, GM, DT, SHW, NUE, KO, AMT, CNC, UPS, GLW, SPOT
A Japanese oil tanker passes through the Strait of Hormuz with Iran's coordination; Idemitsu is an oil tanker that was carrying 2mln bbls of crude oil; it had been stationed in Saudi Arabia since late February
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This could elevate prices further, especially in the EU, and may drive investors to seek alternative energy sources or commodities. Monitor related assets like natural gas and oil for spillover effects, as supply tightness can have broader inflationary implications.
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