Petrol Haberleri

BNY’s Bob Savage reports that Oil remains a key market barometer as the Iran war disrupts supply, with Brent up sharply and the International Energy Agency warning that the global natural gas market will stay tight for at least two more years.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US-Iran standoff in the Strait of Hormuz is keeping Brent elevated and supporting a firm Dollar, but sees the worst of the energy shock as past.

India's government has urged local refiners to increase production of liquefied petroleum gas—the country's main cooking fuel, amid the supply crunch resulting from the war in the Middle East. Bloomberg reported today that India's production of LPG since February 28th had gone up by 25% to 46,000 to

Pakistan’s government is looking to buy crude oil from Russia, Venezuela, and Nigeria to replace lost supply from the Middle East, Pakistan Today reports, adding that the government is also seeking LNG cargoes. Pakistan has suffered a substantial hit from the energy price surge following the start o

Rabobank’s Senior Macro Strategist Bas van Geffen notes that Oil prices have risen, with Brent futures around $106, as Middle East tensions and disruptions in the Strait of Hormuz intensify.

Crude oil prices extended their gaining streak to five days today, with Brent crude trading at $106.30 per barrel at the time of writing and West Texas Intermediate at $96.68 per barrel. Bloomberg attributed the continued price rise to President Trump’s latest social media posts, which suggest the p

Crude prices are consolidating gains on Friday, following a three-day rally, as investors pare back hopes of an imminent peace deal between the US and Iran.

The AUD/USD pair trades subduedly around 0.7120 during the European trading session on Friday. The Aussie pair ticks lower as the US Dollar (USD) trades broadly firm amid higher oil prices due to the prolonged closure of the Strait of Hormuz, a critical passage to almost 20% of global energy supply.

Chris Turner at ING argues that a regime of higher Oil prices, inflation and tighter global policy would favour EUR/CHF upside. Switzerland’s low fossil-fuel exposure means the Swiss National Bank (SNB) is likely to lag in tightening.

The Indian Rupee (INR) opens positively against the US Dollar (USD) on Friday, extending its losing streak for the fifth trading day.

Reliance Industries, the biggest oil refiner in India, is expected to report a drop in profits for its fourth quarter to March, driven by the oil price surge caused by the war in the Middle East. Based on a poll of brokerages, Reuters reported Reliance Industries could book a 3.7% decline in quarter

Asian equity markets mostly declined on Friday as higher oil prices pressured sentiment amid stalled US–Iran peace talks and ongoing disruptions in the Strait of Hormuz.

Crude oil production recovery to pre-war levels could take just a few months, Goldman Sachs analysts said, adding a note of caution that recovery could also take longer than that. The bank estimates lost production in the Middle East at 14.5 million barrels daily as of this month. However, most of t