Some Asian oil refiners are reportedly considering run cuts of 20-30% amidst the Middle Eastern conflict, and the difficulties relating to shipping through the Strait of Hormuz, Bloomberg reports citing sources
Asian oil refiners contemplating significant run cuts of 20-30% signals potential supply constraints, especially as tensions in the Middle East affect shipping routes through the Strait of Hormuz.
Turkish PPI YoY (Feb) Y/Y 27.56% (Prev. 27.17%)
India is reportedly rationing nat gas supply to industries following on from Qatar halting production, according to sources
Some Asian oil refiners are reportedly considering run cuts of 20-30% amidst the Middle Eastern conflict, and the difficulties relating to shipping through the Strait of Hormuz, Bloomberg reports citing sources
An explosion sounded in the Isfahan province in the centre of the country, Al Jazeera reports citing Iranian media
Drone alerts have reportedly been activated in Jerusalem
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This could drive WTI prices higher as the market assesses supply risks against demand expectations, complicating the broader commodities outlook.
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