Petrol Haberleri

Chinese Hengli Petrochemical saw its shares drop sharply by 10% today following the United States’ imposition of sanctions on the company, alleging it bought crude oil from Iran despite U.S. sanctions on the industry. Hengli Petrochemical is one of China’s largest independent refiners. The company d

Societe Generale analysts argue that Iran’s ability to sustain full oil production under the U.S. blockade is time‑limited by onshore storage and floating stocks.

West Texas Intermediate (WTI), futures on NYMEX, trades 1.5% higher to near $95.00 during the European trading session on Monday.

The Indian Rupee (INR) holds onto weekly losses against the US Dollar (USD) at open on Monday.

Danske Research Team reports that equities advanced last week, with a notable divergence emerging between regions and sectors. Strong earnings and higher Oil prices boosted technology and energy, benefitting US markets, while Europe lagged.

Goldman Sachs once again raised its outlook for oil prices, now seeing Brent crude at an average of $90 per barrel in the fourth quarter of the year, and West Texas Intermediate at $83 per barrel. At the time of writing, Brent crude was trading at $106.68 per barrel, and WTI was changing hands at $9

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.65 during the Asian trading hours on Monday. The WTI price edges higher as transit through the Strait of Hormuz remains severely restricted and peace talks between the United States and Iran have stalled.

USD/CAD remains subdued for the second successive day, trading around 1.3660 during the Asian hours on Monday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from higher oil prices, given Canada’s status as the largest crude exporter to the United States (US).

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note and reverses a part of Friday's modest decline, though the upside remains capped.

Last month, the International Energy Agency (IEA) announced the coordinated release of over 400 million barrels of oil from global strategic reserves to combat high energy prices amid the Middle East turmoil. The U.S. was to contribute approximately 172 million barrels of this total, with the releas

The impact of the war in the Middle East could lead to structural demand destruction on the world’s natural gas markets, the head of the Gas Exporting Countries’ Forum warned in the latest sign of the far-reaching impacts of the hostilities between the United States and Israel, and Iran. The war has