Petrol Haberleri

West Texas Intermediate (WTI) oil price gains ground after opening at levels below the previous close, trading around 95.60 during the Asian hours on Friday. Crude oil prices gain on rising supply concerns amid stalled US-Iran peace negotiations and the continued closure of the Strait of Hormuz.

Brown Brothers Harriman’s (BBH) Elias Haddad reports that USD/PHP is trading just below its record high as higher crude Oil prices overshadow a hawkish Bangko Sentral ng Pilipinas (BSP) move.

Faced with the second energy crisis this decade, the European Union aims to reduce dependence on natural gas, coordinate gasoline, diesel, and jet fuel supplies, and accelerate renewable energy capacity installations. The European Commission on Wednesday unveiled proposals aimed at protecting Europe

Standard Chartered economists Tommy Wu and Hunter Chan report that the Hong Kong SME Leading Business Index fell to 43.3 in Q2, reflecting weaker sentiment linked to higher Oil prices and Middle East tensions.

Phillips 66 has shipped crude oil from Texas to the U.S. East Coast on a foreign-flagged tanker, the first such cargo since Washington waived the Jones Act last month, Kpler ship-tracking data shows. The Bakken crude was loaded in early April at a Phillips 66 terminal in Beaumont, Texas, onto the Ma

Canada’s pledge to contribute 23.6 million barrels of oil to the International Energy Agency’s coordinated release will add little new supply to an already tight market because the volumes are not incremental, BMO Capital Markets said in an interview with Bloomberg, adding that the barrels in questi

Every time oil prices rise, Europe falls into the same familiar cycle. Politicians promise relief, analysts debate OPEC strategy, governments consider subsidies, and consumers prepare for higher transport and heating costs. It is a ritual of crisis management that assumes one thing above all else: o

The war in the Middle East and the closure of the Strait of Hormuz have created the largest energy security threat the world has ever faced, Fatih Birol, the executive director of the International Energy Agency (IEA), told CNBC on Thursday. “We are facing the biggest energy security threat in histo

USD/JPY trades around 159.45 on Thursday, virtually unchanged on the day but still close to recent highs after three consecutive bullish days.

Russia says it’s still pumping and shipping crude into a tightening global market, but it’s not bringing any new ideas to the table ahead of the next OPEC+ meeting, even as supply shrinks and demand climbs during the worst energy crisis in years. The Kremlin said on Thursday that Russia would contin

ING’s Francesco Pesole notes that the Norwegian Krone (NOK) has rallied sharply versus both US Dollar (USD) and Euro (EUR) in April, supported by resilient US equities and higher Oil prices.