US EIA Gasoline Production Change (Jan/02) -0.472 (Prev. -0.352)
Newsquawk Staff ·
US EIA Gasoline Production Change (Jan/02) -0.472 (Prev. -0.352)
What it means
The recent report from the US EIA indicating a decrease in gasoline production is notable, as it fell from a previous change of -0.352 to -0.472. This larger contraction in supply could tighten the market, potentially supporting prices, especially as the overall demand dynamics remain critical. Traders should monitor implications for inflation and energy-related commodities, as this trend may influence broader market sentiment.
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.37 LOWER AT 96.09/BBL
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- [MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl
- US President Trump says they have total control of the Middle East. Israel has been a helper.
Related headlines
- Venezuela's October oil exports 1.08mln bpd, almost unchanged, according to shipping data5 days ago
- US Midterms Cheat Sheet for Traders5 days ago
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms5 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 5 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-165 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA5 days ago
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources5 days ago
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus5 days ago
- [SNAP ANALYSIS] Crude tumbles following source reports by Al Araby Al Jadeed of a US-Iran draft accord5 days ago
- US Energy Secretary Wright says overnight strikes on Iran's Qeshm Island have not impacted oil flows; more refined products are coming out of the Arabian Gulf and more will come from India5 days ago
- Iran is reportedly ready to respond to new US aggression that will go beyond the geographical limits of the region, reports Russian Press Ria citing an Iranian political source5 days ago
- The Yemeni Armed Forces reportedly attack vital facilities in the southern region of Saudi Arabia, reports Sabereen News5 days ago
- ECB’s Sleijpen says the Iran shock is more persistent than earlier thought but we don’t really see second-round effects yet5 days ago
- "Washington has approved the draft memorandum of understanding that the Qatari delegation presented to Iran yesterday", Al-Araby Al-Jadeed reports citing sources close to the mediation team5 days ago
- US military threats against Iran are hindering progress in the conflict resolution process, according to an Iranian political source cited by RIA Novosti5 days ago