Venezuela reportedly considers OPEC exit as US ties deepen
Venezuela is reportedly weighing an OPEC exit and has discussed it with US officials. A withdrawal would have limited supply impact but could signal OPEC…
19 h ago11 min read
Oil
Gulf oil flows claw back from March trough but remain well under pre-war, Goldman says
Goldman Sachs estimates Gulf oil exports recovering to 15-16 million bpd, still far below pre-war levels, while noting adaptive shipping behavior.
19 h ago16 min read
Asia markets trade narrowly ahead of Warsh speech
Asian markets traded narrowly, with Tokyo CPI beating forecasts and oil slipping, as investors await Fed Chair Warsh's speech.
19 h ago12 min read
Heavy disruption of Strait of Hormuz shipping continues
Only seven vessels transited the Strait of Hormuz, down from 17, as disruption continues with no end in sight to the US-Iran standoff.
19 h ago5 min read
Germany's import prices rise 0.2% in July, annual rate accelerates to 6.8%
Germany's import prices rose 0.2% in July from June, with annual inflation quickening to 6.8% driven by energy costs.
19 h ago4 min read