"The situation in Ras Tanura is calm and movement is normal", Al Arabiya reports
The report indicating that "the situation in Ras Tanura is calm and movement is normal" suggests stability in a key oil hub, potentially mitigating fears of supply disruptions.
[MARKET UPDATE] US equity futures continue grinding higher (ES +0.8%) despite a lack of fresh catalysts; price action has been gradual
BoC's Macklem says risks to global growth are greater than normal, and are tilted to the downside
"The situation in Ras Tanura is calm and movement is normal", Al Arabiya reports
Coinbase (COIN) announces that they are aware that some users may experience delays in send and receives due to a network wide event
EIA Expectations: Crude 3M, Distillate -2.5M, Gasoline -1M
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This is significant for oil markets where geopolitical tensions can drive price volatility; a calm status may lead to stability in oil prices and a lower risk premium in energy-related assets.
Related headlines
- Israeli Defence Minister Katz says the military will target all of Iran's infrastructure, including energy; an Iranian attack would free Israel from its existing limits48 min ago
- [MARKET UPDATE] Gradual strength in the crude complex has put pressure on the fixed income space, with US equity futures also moving a touch lower; action which lacks a clear driver50 min ago
- Ukraine's FM says President Zelensky recently held talks with a US negotiating team and stressed the dialogue is underpinned by regular contact with the US; there will be a "new dynamic" in peace talks1 hour ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind1 hour ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates2 hours ago
- Taiwan's cabinet has proposed an additional USD 4.6bln in defence spending for 20262 hours ago
- Iranian Chairman of the National Security and Foreign Policy Commission says the Strait of Hormuz cannot be opened without Iran’s will, IRIB reports2 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger; DEC to acquire Birch Resources for USD 1.8bln2 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed2 hours ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources2 hours ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement2 hours ago
- Iran reportedly threatened the US with a large-scale attack if Israel launches an attack on the Ali al-Taher ridge, southern Lebanon, Reuters reports citing sources2 hours ago
- India and Belgium Defence ministers hold talks to expand cooperation in defence, according to Belgian press3 hours ago
- China’s Commerce Ministry says it urges the US to immediately correct "erroneous practices" and lift Iran-related sanctions against relevant Chinese companies3 hours ago
- A senior Yemeni official says Yemen’s armed forces are conducting new military drills in the Red Sea to prepare for a possible confrontation with Israel and the US, IRNA reports3 hours ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 3 hours ago
- Tehran Mayor says countries such as the UAE and Saudi Arabia, are trying to get closer to Iran and receive security guarantees; US guarantees have not been able to provide a credible response to maintain their security and sustainability, Mehr reports4 hours ago
- UAE President received a phone call from US Presiednt Trump; the two discussed cooperation and developments in the Middle East, WAM reports4 hours ago
- Russian Deputy PM Novak says OPEC's role in the market remains important; will continue to exert significant influence on the oil market because of its high output5 hours ago
- North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap5 hours ago
The whole workspace, free to try.
Try it free