US Energy Secretary Wright says sanctions waiver on Russian oil is unlikely to be extended; additional oil reserve releases are not necessary
The statement from US Energy Secretary Wright regarding the unlikeliness of extending the sanctions waiver on Russian oil could contribute to tightening supply, impacting global oil prices.
Mexican President says mulling fracking to achieve energy sovereignty
US President Trump posts on Truth Social that he will be working with US House Speaker Johnson and others to get a clean extension of FISA 702 through the House of Representatives
US Energy Secretary Wright says sanctions waiver on Russian oil is unlikely to be extended; additional oil reserve releases are not necessary
EIA Expectations: Crude -0.5M, Distillate -2.78M, Gasoline -2.02M
Pakistan Army Chief is to visit Tehran to narrow the gaps between the US and Iran, Reuters reports citing a senior Iranian source
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.
- Venezuela's oil production increased to 1.2mln BPD.
Additionally, with Venezuela's oil production rising, albeit still limited in impact, there are nuanced implications for market dynamics between US and Russian supplies. Overall, this reinforces the geopolitically-driven volatility in energy markets, particularly for WTI and related commodities.
Related headlines
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks9 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates5 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes5 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging8 hours ago
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 11 hours ago
- US FX WRAP: Dollar little changed as markets await US CPI/PPI12 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week5 hours ago
- US President Trump says directing the GSA, working with the USTR, to take all necessary steps to remove Canadian-origin products from GSA’s Multiple Award Schedules unless Canada restores full and fair reciprocity for American farmers and companies11 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs10 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20262 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war4 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20307 hours ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes56 min ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd10 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)6 hours ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest53 min ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes1 hour ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)7 hours ago
- Japanese Machine Tool Orders (Aug YY) 64.7% (Prev. 50.4%)2 hours ago
- Japanese Reuters Tankan Index (Sep) 21 (Prev. 18)9 hours ago
The whole workspace, free to try.
Try it free