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PetrolFXStreet News

Sweden: Core downside surprise shapes VAT impact view – Danske Bank

Danske Research Team reviews Sweden’s March inflation, highlighting a downside surprise in core inflation and energy, driven by a sharper-than-expected fall in electricity prices and broad food price declines.

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PetrolFXStreet News

Energy: Softer inflation shock expected – BNP Paribas

BNP Paribas economist Hélène Baudchon compares the current Oil and gas price surge linked to the war in Iran with the 2022 energy shock.

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PetrolFXStreet News

WTI Oil falls near $80 as Iran fully reopens Strait of Hormuz, easing supply fears

West Texas Intermediate (WTI) US Oil price collapses on Friday, trading near $81.50 at the time of writing after losing 9.12% during the day. The move marks a sharp acceleration lower after the Crude briefly surged above $90 earlier in the day before sellers took control.

WTICRUDE
PetrolFXStreet News

GBP/JPY slips as Iran signals Hormuz reopening, Oil prices tumble

GBP/JPY trades with a mild downside bias on Friday in relatively calm market conditions, with the Japanese Yen modestly outperforming the British Pound as growing expectations around a potential US–Iran peace agreement weigh on Oil prices.

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PetrolFXStreet News

USD/INR: RBI curbs refiners’ Dollar demand – BNY

BNY’s Bob Savage notes that the Reserve Bank of India (RBI) has told state-run Oil refiners to cut spot US Dollar (USD) purchases and instead tap a special credit line via State Bank of India.

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PetrolOilPrice.com

Oil Swings Wildly as War Headlines Rattle Markets

WTI and Brent crude traded through a volatile stretch from this week, driven almost entirely by headlines tied to the U.S.-Iran conflict. By Thursday night, June WTI crude was trading at $89.23, up $0.25, or 0.28%. The week started with a sharp rally as supply fears spiked, then shifted into a mix o

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PetrolOilPrice.com

Tanker Fleet Heads to Load U.S. Oil as Middle East Supply Crumbles

Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the biggest queue of vessels ever seen at sea, as Asian buyers rush to load U.S. crude to replace part of the supply lost in the Middle East. "Tankers are forming what looks like a fleet, an unbroken line head

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PetrolFXStreet News

Brent: Price swings track war headlines – Deutsche Bank

Deutsche Bank analysts note Brent Oil nearly touched $100/bbl on Thursday before retreating on Friday, as traders reacted to shifting headlines around US–Iran negotiations and regional ceasefires.

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PetrolOilPrice.com

Middle East Oil Output May Take Two Years to Recover

The Middle Eastern producers may need up to two years to restore their oil and gas output to the levels from before the war, according to Fatih Birol, the executive director of the International Energy Agency (IEA). “We estimate that it would take about two years for the Gulf region to reach pre-war

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PetrolOilPrice.com

IMF Tells Europe Not to Repeat Its Costly Energy Crisis Mistakes

The European Union should not overdo fuel subsidies aimed at cushioning the oil shortage blow to businesses and consumers, the International Monetary Fund has warned, adding that some financial pain would prompt demand reduction instead of burdening the state coffers. “Prices help reduce demand and

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PetrolFXStreet News

Oil: Current shock less damaging than 1970s – Commerzbank

Commerzbank economists Jörg Krämer and Bernd Weidensteiner argue that despite a sharper fall in global oil production than during the 1970s crises, advanced economies should suffer less this time.

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PetrolFXStreet News

Petrol Piyasasında Çatışma Riskleri ve Boğaz Kesintileri: Rabobank Analizi

ABD-İran arasında olası bir anlaşmanın petrol fiyatlarını varil başına 98 dolara çekmesi, piyasalarda belirsizlik yaratıyor. Jeopolitik riskler ve Hürmüz Boğazı'ndaki olası kesintiler, petrol arzını tehdit edebilir ve fiyat dalgalanmaları, arz-talep dengesini etkileyerek ekonomik baskılar oluşturabilir.

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Petrol Piyasasında Çatışma Riskleri ve Boğaz Kesintileri: Rabobank Analizi
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