Vitol CEO says Russia and Iran's oil buyers are reaching for Western supply
Newsquawk Staff ·
Vitol CEO says Russia and Iran's oil buyers are reaching for Western supply.
What it means
This statement underscores a potential shift in oil supply dynamics, with buyers from Russia and Iran now looking to Western sources. This could indicate a reaction to sanctions or geopolitical tensions that may impact global oil prices and supply chains. Monitoring how this influences commodity markets and energy-related equities will be crucial, especially in light of any resulting changes in trade flows or currency valuations.
- Russian Deputy Foreign Minister Ryabkov says Russia remains in the preparatory phase for negotiations on Ukraine, TASS reports
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US
- Israeli PM Netanyahu's bloc has 56 seats and opposition has 49 seats after 50.1% of votes were counted, according to Israel's Channel 12
- Iran's Foreign Minister Araghchi says sustainable regional security requires collective responsibility, mutual respect for sovereignty and cooperation among regional countries without foreign military intervention
- US President Trump says there will be a meeting with Russian President Putin and Ukrainian President Zelensky set up soon, while Trump says there will be a meeting on disarmament during Asia trip
Related headlines
- [MARKET ANALYSIS] Oil prices rebounded after recent choppy price action amid mixed geopolitical headlines, while an inconclusive Israeli election adds to the uncertainty 7 hours ago
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats12 hours ago
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed23 min ago
- [MARKET ANALYSIS] A busy morning for EU banking names, with tech stocks supported by upbeat SK Hynix earnings37 min ago
- Notable FX Option Expiries for today's NY cut: 28th October 20261 hour ago
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause7 hours ago
- Newsquawk Daily Asia-Pac Opening News - 28th October 202612 hours ago
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: SK Hynix earnings in focus10 hours ago
- [MARKET ANALYSIS] Treasury futures retreat with yields underpinned as oil prices rebounded7 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.6734 (prev. 6.7171)9 hours ago
- Iranian Foreign Minister Araghchi says that the destructive consequences of any military adventurism provoked by Israel in the Persian Gulf region for international markets remain a serious concern for gas exporting and gas consuming countries1 hour ago
- Baker Hughes (BKR) Q3 (USD) EPS 0.70 (exp. 0.64), rev. 8.03bln (exp. 7.78bln)12 hours ago
- TPG pursues USD 5bln acquisition of UK data centre group Ark, according to FT4 hours ago
- Equinor (EQNR NO) CEO says what happens in the Middle East determines the price of oil, refined products and gas; hopes that Britain will approve the Rosebank oilfield1 hour ago
- EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat1 hour ago