US EIA Weekly Crude Production Change, % -0.08% (Prev. -0.07%)
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Head of the Iranian Government Information Council says the 15-point plan claimed by Trump is a list of impossible wishes, IRNA reports
Volkswagen's (VOW3 GY) COO is to resign
US EIA Weekly Crude Production Change, % -0.08% (Prev. -0.07%)
Senior Iranian Official says Iran's initial response to the US proposal is "not positive" but Iran is still reviewing the proposal, Reuters reports
EIA Expectations: Crude -0.6M, Distillate -1.0M, Gasoline -2.0M
On the Newsquawk feed at , 20 minutes before this page.
Context
The slight decrease in U.S. EIA crude production—changing from -0.07% to -0.08%—reflects a modest tightening in supply. Given the ongoing geopolitical uncertainties and market dynamics, this minor shift can influence WTI and Brent prices, especially if it aligns with broader demand trends or disruption narratives in the energy sector.
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