US EIA Weekly Crude Production Change, -0.24% (Prev. 1.4%)
The modest decline in U.S.
Fed's Barkin (2027 voter, Neutral) says they should not immediately assume that people will be displaced by AI; AI will provide opportunities for workers to do higher-skilled tasks
US Treasury Secretary Bessent says the US Treasury will continue to pressure Iran on weapons
US EIA Weekly Crude Production Change, -0.24% (Prev. 1.4%)
EIA Expectations: Crude 1.84M, Distillate -1.2M, Gasoline -0.272M
JPMorgan raises its long-term gold forecast to USD 4,500/oz, keeps its 2026 year-end forecast at USD 6,300/oz
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.
crude production, now down 0.24% from the previous increase of 1.4%, suggests a tightening supply which could support higher oil prices in the short term. Given the ongoing geopolitical tensions, this reduction may further enhance concerns over energy supply stability, impacting market sentiment for both WTI and Brent. Traders should monitor the implications for inflation and potential shifts in energy-related currency flows.
Related headlines
- 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 output4 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 1.8bln1 hour ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed1 hour ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement1 hour ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks2 hours ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind42 min ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates1 hour ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources1 hour 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 sources1 hour 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 2 hours ago
- UAE President received a phone call from US Presiednt Trump; the two discussed cooperation and developments in the Middle East, WAM reports3 hours ago
- US Ambassador to NATO Matthew Whitaker says Iran is a bankrupt country and will not be able to pay anyone in its military, civil service or government, nor subsidise its society9 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 reports2 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the rebound on Wall St as yields eased6 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin with mild gains after the positive lead from Wall St, where the major indices recouped some of the recent losses as yields edge lower, while Trump said the renewed campaign against Iran would not continue for too long9 hours ago
- White House confirms that US President Trump signed a stopgap funding bill into law today10 hours ago
- Kazakhstan’s August oil and gas condensate production rose 11% M/M, sources say2 hours ago
- Kazakhstan's oil and gas condensate output rose 11% M/M in August vs the prior month2 hours ago
- Russia Deputy PM Novak says Russia is to slightly lower oil output in 2026, Tass reports3 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 reports1 hour ago
The whole workspace, free to try.
Try it free