Petrol Haberleri

The price of oil has been driven higher by the latest round of escalations in the Middle East, renewing fears of a drastic global energy shock. Brent crude – the international benchmark for oil prices – jumped over six per cent on Monday morning to over $96. It follows a weekend of tensions where sh

China is on track to import record-high volumes of ethane from the United States this month as Chinese and other Asian petrochemicals producers rush to secure replacement feedstock amid plunging naphtha and liquefied petroleum gas (LPG) supply from the Middle East. China is expected to import as man

The British Pound (GBP) edges higher against the Japanese Yen (JPY) on Monday, with GBP/JPY snapping a two-day losing streak as renewed tensions in the Strait of Hormuz keep Oil prices elevated and the Yen on the defensive, given Japan’s heavy reliance on imported energy.

Brown Brothers Harriman (BBH) highlights that renewed Strait of Hormuz tensions have lifted Brent Oil nearly $10 from recent lows and weighed on global risk assets, with the US Dollar (USD) slightly firmer.

Societe Generale strategists highlight that Brent futures have swung sharply with conflict headlines, recently rebounding to $95/bbl.

TD Securities strategists expect Canada’s March Consumer Price Index (CPI) to accelerate as higher energy prices lift the headline rate, while food disinflation offsets some of the impact.

Iran has warned the world that it cannot and would not guarantee safe passage through the Strait of Hormuz if the United States continues to attempt to restrict Tehran’s oil exports. Following a weekend of twists and turns and escalating tensions, Iran’s First Vice President, Mohammad-Reza Aref, ear

Crude prices edged lower during Monday’s European trading session, with the US benchmark West Texas Intermediate (WTI) barrel changing hands at $86.85 at the time of writing. This is down from session highs at $88.50, but significantly above Friday’s lows, at $78.90.

The USD/CAD pair attracts some dip-buyers on Monday, though it struggles to capitalize on the move or find acceptance above the 1.3700 mark amid mixed fundamental cues.

Rabobank’s Senior Market Strategist Benjamin Picton highlights how shifting perceptions around the Strait of Hormuz are driving sharp moves in Brent.

Canada’s economic docket opens on Monday with the key Consumer Price Index (CPI) figures for March, which will be closely watched to gauge the inflationary impact of the war in Iran.

Commerzbank’s Tatha Ghose assesses the latest inflation data for Poland, Czech Republic and Hungary following the recent energy price spike. He notes that while headline inflation accelerated as expected, core measures show only mild, statistically noisy upticks.

Days after saying it would not extend a sanction waiver for Russian crude sold to Indian refiners, the U.S. Treasury Department changed its mind and extended the waiver for two weeks until mid-May. According to an Indian Express report, the U-turn appears to have come as a result of pressure exerted