Latest news with #oilMarket
Bloomberg
27-06-2025
- Business
- Bloomberg
Lots More on What's Going On in Iran's Markets
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Subscribe to the newsletter Iran is a huge country with a sizable stock market. And yet, years of sanctions and other restrictions mean it's tough to even look up its stock prices (much less invest there.) In this episode, we catch up with Maciej Wojtal, CEO and CIO of AmtelonCapital, an Amsterdam-based fund that specializes in Iranian stocks. We talk about what the past week has been like for the market, what he's hearing from people on the ground in Tehran, plus disruptions to businesses and oil. We talk about how Iranian investors handle major geopolitical risk and the outlook from here.
Zawya
24-06-2025
- Business
- Zawya
KPC: Kuwait crude oil drops $1.32 to $76.32 pb
KUWAIT -- Price of Kuwait crude oil fell by USD 1.32 during Monday's trading to reach USD 76.32 per barrel compared with USD 77.64 pb on Sunday, Kuwait Petroleum Corporation (KPC) said Tuesday. Brent crude dropped by USD 5.53 to reach USD 71.48 pb and West Texas Intermediate lost USD 5.53 to USD 68.51 pb. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Bloomberg
23-06-2025
- Business
- Bloomberg
Selling Geopolitical Spikes Is Once Again a Winning Oil Trade
Oil's whiplash spike and retreat on Monday is only the latest example of traders selling into geopolitical risks, showing yet again how there's money to be made by 'fading the rally' in crude. After the Oct. 7 attack on Israel in 2023, the strikes on Saudi Arabia's Abqaiq processing plant in 2019, and the killing of Iranian general Qassem Soleimani in early 2020, crude futures were trading lower than before the incidents within 25 trading days.
The Guardian
19-06-2025
- Business
- The Guardian
Shell boss warns of ‘huge impact on trade' if Israel-Iran conflict escalates
An escalation in the Middle East conflict could have a 'huge impact on global trade', the boss of the oil company Shell has warned, as Donald Trump suggested the US could enter the air war between Israel and Iran. Shell, one of the biggest traders of oil and natural gas in the world, said it had contingency plans in case the conflict disrupted flows from the region. There is a risk that a blockage in the strait of Hormuz could shock the energy market. Speaking at an energy conference in Tokyo, Wael Sawan, the chief executive of Shell, said: 'If that artery is blocked, for whatever reason, it has a huge impact on global trade… We have plans in the eventuality that things deteriorate.' About a quarter of the world's oil trade passes through the strait of Hormuz, which links the Persian Gulf to the Indian Ocean. Oil prices have risen over the last week as the conflict has escalated. On Thursday, Brent crude rose nearly 1% to more than $77 (£57) a barrel. 'What is particularly challenging right now is some of the jamming that's happening,' said Sawan, referring to the interference in navigation signals in and around the Persian Gulf. The growing risk in the area has also more than doubled the price to charter large oil tankers through the strait of Hormuz, according to figures from the data and analytics firm Clarksons Research, reported by the Financial Times. The daily price to charter a very large crude carrier, which is capable of carrying 2m barrels of oil, from the Gulf to China rose from $19,998 two days before Israel's attack on Iran last week to $47,609 on Wednesday. The sharp rise in costs far outpaces the 12% increase in the wider Baltic Dirty Tanker index over the same period. The index tracks crude oil tanker rates across the world. Meanwhile, global stocks slipped slightly on Thursday, as investors bought assets that are typically more stable during volatile periods such as gold and the US dollar. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion The precious metal ticked up 0.1% to $3,372.36 an ounce, while the dollar rose against the euro, as well as the Australian and New Zealand dollars. Trump said on Wednesday he had not yet made a final decision about the US entering the war. 'I may do it, I may not do it. I mean, nobody knows what I'm going to do,' the president said. Kyle Rodda, a senior financial markets analyst at said: 'Market participants remain edgy and uncertain. Speculation remains rife – fed probably strategically by the Trump administration – that the US will intervene, something that would mark a material escalation and could invite direct retaliation against the US by Iran.' 'Such a scenario would raise the risk of a greater regional conflict, with implications for global energy supply and probably economic growth,' Rodda added.
Bloomberg
17-06-2025
- Automotive
- Bloomberg
China's Oil Demand Will Peak Earlier Than Expected, IEA Says
China's oil demand will stop growing earlier than expected, reinforcing the outlook for a global peak and prolonged supply surplus this decade, the International Energy Agency said. The IEA slashed forecasts for Chinese consumption until 2030 by about 1 million barrels a day amid 'extraordinary' domestic sales of electric vehicles. It predicts the nation's demand — which has dominated world growth this century — will top out in 2027, and worldwide oil use two years after that.
