Saudi Arabia may lower crude prices to Asia for 4th straight month
Synopsis by Reuters Jan 30 23
Saudi Arabia, the world's largest oil exporter, may trim prices for crude grades sold to Asia ...Read full article 
Reuters: Saudi Arabia may lower crude prices to Asia for 4th straight month
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| Last Updated | Jan 30 23 |
| Total Articles | 4 |
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Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic
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Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
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US, Europe to up Iran sanctions as Israel pressed to ditch threatened retaliation
timesofisrael.com/us-europe-to-up-iran-sanctions-as-israel-pressed-to-ditch-threatened-retaliation/
Reuters: Russia asks Kazakhstan to resupply gasoline in case of shortages, sources say
kyivindependent.com/reuters-russia-asks-kazakhstan-to-resupply-gasoline-in-case-of-shortages/
G7 ‘ready to take measures’ in response to further destabilisation by Iran: G7 leaders offered their full support for Israel on Sunday following an attack by ...
scmp.com/news/world/middle-east/article/3258986/g7-ready-take-measures-response-further-destabilisation-iran
Quick Glance: Israel artist calls for Gaza ceasefire
- The representative of Israel at the international art fair is calling for an immediate ceasefire in Israel’s war on Gaza.
- Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.
- Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.
- It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.
How could Iran's attack on Israel affect gas prices? What you should know: U.S. motorists could see an impact on oil prices, but that depends on what Israel and ...
usatoday.com/story/money/2024/04/14/iran-israel-attack-gas-prices/73320580007/
Niger and China sign crude oil MOU worth $400 mln, says Niger state TV: Niger has signed a memorandum of understanding with Chinese state-owned oil giant China ...
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Hair perfumes–why are traditional Indian hair rituals are seeing a resurgence–here’s what it means
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Geopolitical strife and commodity volatility: Inflation impact? - Companies - The Jakarta Post
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Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
US, Europe to up Iran sanctions as Israel pressed to ditch threatened retaliation
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Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
Stock Market LIVE: Asian indices rebound, Kospi, Hang Seng lead; Brent crude falls 3%
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Quick Glance: S&P 500: Potential Downside Risk with Nasdaq 100 in Peril (Technical Analysis)
- The S&P 500 may be facing potential downside risk, with a deep decline possibly unfolding in stages, with the Nasdaq 100 potentially being the last to be affected.
- In the era of 'buying the dip,' there is a chance that a decline could occur gradually or swiftly, or it could even be a false alarm.
- As a risk manager, it is more important to assess the risks of different market segments and position accordingly, rather than speculate on market movements.
- The primary goal is to avoid being affected by market-changing sell-offs, and adjusting the portfolio to address the current market risks is crucial.
Iran-Israel tensions, supply cuts may push crude to $95/bbl: Output cut by OPEC, Russia seen
financialexpress.com/market/commodities-iran-israel-tensions-supply-cuts-may-push-crude-to-95bbl-3457871/
Quick Glance: New Measures Against Iran and Escalation in West Bank
- The United States intends to take further actions against Iran in the coming days to address the attacks on Israel over the weekend, as announced by US officials on Tuesday.
- To combat the escalation in the Israeli-occupied West Bank, Israeli and Palestinian officials reported the deaths of two Palestinians shot by Israeli settlers on Monday.
What would be the economic fallout of any Iran-Israel escalation: The world and especially countries in the Middle East cannot afford any negative impact on ...
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Quick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
- Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.
- Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.
- Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.
- Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
Oil price eases on hopes of Middle East de-escalation after attacks: Iran produces more than three million barrels of crude oil a day as a major producer within ...
irishexaminer.com/business/economy/arid-41374870.html
Quick Glance: Oil Prices Could Witness a 'Super Spike Well Above $100' Post Iran's Strike on Israel
- Market analysts predicted that oil prices could surge to $100 per barrel and beyond after Iran conducted an aerial attack on Israel, reigniting concerns of a regional war.
- Iran carried out an aerial attack on Israel on Saturday night, launching over 300 drones and missiles, marking the first direct military attack by Iran on the Jewish state.
- Insufficient investment renders the supply more fragile, raising the likelihood of a 'super spike well above $100' if the supply is disrupted.
- Recent months have seen oil prices rise due to trade disruptions and delays caused by maritime attacks in the Red Sea by the Houthis, who express solidarity with the Palestinian people.
Singapore's key exports fall by 20.7% in March, worse than analyst estimates: SINGAPORE: Singapore's non-oil domestic exports (NODX) contracted 20 ...
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Introducing Middle East Dispatch, our latest newsletter: Get to grips with a region that plays a vital role in geopolitics, the climate and the world economy
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Govt to closely monitor economic impacts of MidEast escalation: Airlangga - Economy - The Jakarta Post
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Saudi crude production hits 7-month high in February: RIYADH: Saudi Arabia’s crude production reached a seven-month high of 9.01 million barrels per day in ...
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Reliance tries to sell US oil as Russian flows gain
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No broad commodities boom seen for this year - Markets - The Jakarta Post: No broad commodities boom seen for this year - Markets - The Jakarta Post
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Analysis: Investors watching oil should keep an eye on the dollar: An escalation of tensions in the Middle East has raised concerns about the price of oil - but ...
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India's crude oil imports remain stable at 232.5 million tons in FY 2023-24: India imported 232.5 million metric tonnes (MMT) of crude oil in the financial year ...
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Why oil prices are muted despite Iranian attacks? | kuwaittimes: Why oil prices are muted despite Iranian attacks? - Business - LONDON: Oil prices have failed ...
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Petrol, diesel prices to remain unchanged until April 24: KUALA LUMPUR: The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged at ...
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BP is scaling back its electric vehicle charging ambitions: The oil giant is balancing growth goals and flagging EV demand
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Prices of foods, daily necessities surge amid high oil price, weakening Korean won
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What Iran's Attack Means For Commodities: Iran’s direct attack on Israel opens yet another alarming chapter in the Middle East’s intricate narrative and may ...
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Kuwait emir picks Sheikh Ahmad to form new government: Sheikh Mishal tasked the former oil minister with forming a new government, state media reported ...
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China's iron ore imports rise as inventories build: Russell: (The opinions expressed here are those of the author, a columnist for Reuters.)
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Middle East tension pushes key indices to 2-week low: FIIs continue to withdraw, sell Rs 3,268 crore worth of shares
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Express View on NSO data: A softer landing: Inflation edges lower as food prices ease. Clarity over monsoon and oil prices will determine MPC pivot
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Singapore non oil domestic exports plunge 20.7%, misses expectations by a huge margin
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Indices slide as rate cut hopes crash: Nearly Rs 8 trillion of investor wealth eroded in 3 days
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Closely monitor developments in Middle East: Prime Minister Sheikh Hasina has instructed her cabinet colleagues to closely monitor the war situation in the ...
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India’s reliance on oil imports hits fresh full-year high in FY24: India’s domestic consumption of petroleum products in FY24 rose 4.6 per cent year-on-year to a ...
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House to Vote on China’s Iranian Oil Imports After Israel Attack: The US House of Representatives is poised to vote Monday on legislation aimed at countering ...
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Oil Prices Fall Over 3% Amid Muted Israel-Iran Tensions: On Wednesday, April 17, global oil markets experienced a sharp decline, with prices falling more than 3% ...
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India raises windfall tax on petroleum crude: The Indian government has raised its windfall tax on petroleum crude to 9,600 rupees ($114.99) a metric ton from 6 ...
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Nigeria: Govt Must Halt Shell's Sale of Its Niger Delta Business Unless Human Rights Are Fully Protected
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White petroleum jelly illegally manufactured without drug license seized: Hyderabad: Officials of Telangana Drugs Control Administration (DCA) conducted a raid ...
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With A Record $776.68 Billion Worth Of Exports In FY24, India's Trade Deficit Narrows To $78 Billion - Forbes India
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Experts forecast FY25 CPI inflation at 4.5%; geopolitics, crude prices key concerns
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All eyes on oil price, ringgit: The possibility of higher oil prices, should there be an escalation in the conflict between Iran and Israel ...
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Experts forecast FY25 CPI inflation at 4.5%; geopolitics, crude prices key concerns
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Oil price outlook: Brent to jump 11% on geopolitics, drive inflation: Iran's attacks against Israel over the weekend could send Brent crude towards $100 a barrel ...
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Iran's Attack on Israel; Neom Ambitions Scaled Down; Saudi Arabia-UAE AI Race
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Korean Air, Asiana, budget airlines suffer from stronger dollar, soaring oil prices
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European markets slump as investors weigh Middle East developments: European markets were all in the red on Tuesday afternoon as traders continued to monitor ...
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Iran's attack on Israel and the consequences for the price of oil: Hardly any other raw material reacts as sensitively to international crises as oil ...
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‘Quality concerns’ disrupt petrol sales in Southern Cape: Unexplained damage to vehicle paintwork from the petrol prompts oil companies to tell retailers to ...
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Iran's Drone Strike Expected To Drive Oil Prices Up As Market Braces For Israel's Response
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War Hangs Over Economy, Markets as Retail Sales Surge in March: Markets and oil prices stabilized Monday but the situation in the Mideast remains tense.
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India will decide policy steps once trade impact of Iran-Israel conflict understood
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Oil Climbs to $90 as Iranian Threats Intensify: Today marked a significant rebound in oil prices, with Brent crude hitting the $90 threshold
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On markets and geopolitics, it’s a mistake to forget about shale: The impact of world events on the oil price has declined over time
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5 biggest concerns around Iran-Israel tensions that could impact Indian stock market | Mint
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