Tag: @LCO27F
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Saudi Arabia ramps up oil exports through Mediterranean pipeline to avoid attacks in Red Sea
Oil exports from Egypt’s Mediterranean port of Sidi Kerir have more than doubled. The crude is mostly from Saudi Arabia, according to Kpler.
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Strait of Hormuz ship traffic near three-month low as U.S.-Iran deal in doubt
Traffic is about 90% lower than the daily average of 130 ships that transited Hormuz before the U.S. and Israel attacked Iran on Feb. 28.
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Here are five key takeaways from the July CPI inflation report
Readings for July on the prices consumers pay for goods and services came in pretty much on target.
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India’s inflation accelerates to 4.45% in July, raising hopes of a rate hike later this year
India’s inflation rises for the ninth month in a row, raising the odds in favor of a rate hike later this year.
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Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
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CNBC Daily Open: Trump’s Strait of Hormuz claim meets crude reality
U.S. President Donald Trump has claimed that the U.S. Navy has “100%” control of the Strait of Hormuz. Markets don’t think so.
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CNBC Daily Open: Markets caught between oil jitters and AI optimism
The world watches oil prices surge past $82 per barrel and the U.S. Strategic Petroleum Reserve dip to its lowest level since 1983.
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Oil in U.S. Strategic Petroleum Reserve falls below 300 million barrels, lowest since 1983
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuIn an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on October 19, 2022 in
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UAE says one of its ships was targeted by missile as U.S.-Iran tensions over Strait of Hormuz remain high
Iran’s military stressed that the crucial waterway would only be reopened when the U.S. accepts Iran’s conditions.
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Russia sanctions bill honoring Lindsey Graham breezes through Senate, heads to House
A measure to impose new sanctions on Russian oil purchasers easily cleared the Senate and heads to the House.
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