Russia Clears 500,000 Tons of Diesel for Export After Putin-Trump Deal
Russia partially lifted its diesel export ban, clearing 500,000 metric tons for global markets after a Putin-Trump deal.
Russia partially lifted its diesel export ban, clearing 500,000 metric tons for global markets after a Putin-Trump deal.
Holidays in Tokyo and US Treasuries slow Asia at week start; busy week ahead with CPI, banks, and Warsh.
Trump announced Russia and Ukraine agreed to an energy ceasefire, two days after his diesel deal with Putin, leaving details unclear.
Houthis claim strikes on Saudi oil sites after a deadly airport attack; Saudi-Iran talks offer a counterweight to escalating tensions.
Tanker shortage has driven delivered crude prices back to spring highs and pushed European refining margins negative again, JPMorgan says.
JPMorgan warns that a shortage of oil tankers is driving up shipping costs and keeping oil prices high despite ample supply.
Bitcoin rose to $83,864 after Trump declared an energy ceasefire between Russia and Ukraine, wiping out $70M in short positions. Oil markets haven't responded…
Baker Hughes' weekly total rig count rose to 603, with oil rigs gaining and gas rigs easing. Crude traded at $91.20, down 0.33%.
JPMorgan says the G7's 100 million barrel oil release largely consists of previously committed barrels, with the main change being a focus on diesel.
The Breakwave Tanker Shipping ETF (BWET) is up 5,157% in 2026, tracking supertanker freight rates that soared after Hormuz disruptions, though risks remain.
Delta shares fell 2.9% after third-quarter earnings missed forecasts on higher fuel costs, but demand outlook remains strong.
The dollar traded mixed, U.S. stock futures pointed higher, and crude oil fell as Iran-related news provided conflicting signals.
Trump said the US would not strike Iran before midterms, lifting the S&P 500 and dragging oil, Treasury yields and the dollar lower.
European equities recovered and bond yields steadied after recent volatility. Gold rose, oil fell as markets took a breather.
Crude oil retreated as Trump ruled out US strikes on Iran, prompting traders to unwind the geopolitical risk premium. Iran's response remains the focus.