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MakroFXStreet News

Fed’s Williams: Inflation likely to be 3% this year

John Williams, President of the Federal Reserve (Fed) Bank of New York, said in a prepared speech at the Cynosure Group Spring Symposium in New York, United States (US) on Monday, that there is no way to know yet how the Iran war impact will play out for the United States economy.

FEDINFLATION
PetrolFXStreet News

China: Oil shock seen contained – Standard Chartered

Standard Chartered’s Hunter Chan and Shuang Ding expect robust external demand to support China’s April industrial production and trade, even as services and construction soften. They see higher Oil prices lifting PPI and energy CPI, while headline CPI stays at 1% year-on-year.

BRENTWTI
PetrolOilPrice.com

Oil Surges to $114 Following Iranian Strikes on UAE Port

A fragile four-week ceasefire between the United States and Iran appears to be on the brink of collapse following a violent exchange of fire in the Persian Gulf on Monday. The flareup drew in the United Arab Emirates (UAE) and sent global oil prices soaring as threats to the strategic Strait of Horm

BRENTWTI
PetrolOilPrice.com

UAE Withdraws From OAPEC

The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following the country’s landmark decision to exit OPEC and the broader OPEC+ alliance. “While it appreciates the role played by the UAE throughout its membership period and it

BRENTWTI
AltınInvesting.com Commodities
PetrolFXStreet News

Canada: Trade and jobs seen subdued – TD Securities

TD Securities economists Robert Both and Emma Lawrence project a sharp narrowing in Canada’s March international merchandise trade deficit to CAD 1.5 billion, driven by stronger exports on higher West Texas Intermediate (WTI) and autos.

WTI
PetrolOilPrice.com

Equinor Bets on New Wells to Offset Declining Fields

Norway’s energy major Equinor has extended key drilling and well services contracts worth a combined NOK 17 billion ($1.8 billion), reinforcing activity on the Norwegian continental shelf as the company targets production of around 1.2 million barrels of oil equivalent per day toward 2035 and seeks

BRENTWTI
PetrolOilPrice.com

U.S. Navy Enters Gulf as 'Project Freedom' Tests Iran's Grip on Hormuz

Two months into the war with Iran, the Trump administration moved Monday to break Tehran's grip on the world's most important oil shipping lane, sending U.S. Navy guided-missile destroyers through the Strait of Hormuz and announcing 'Project Freedom,’ an operation aimed at guiding stranded commercia

BRENTWTI
MakroFXStreet News

Turkey: Disinflation risks rise with energy shock – ING

ING’s Chief Economist for Turkey, Muhammet Mercan, notes that April inflation rose more than expected, with annual Consumer Price Index (CPI) reaching 32.4%, well above the Central Bank of Turkey’s 16% target.

INFLATION
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