Oil

57 articles tagged with this topic

Brent slips below eighty-seven as OPEC-plus Vienna draft circulates with modest cut scenarios

Brent crude slipped below $87 per barrel Tuesday afternoon as OPEC-plus pre-meeting drafts circulated with modest cut scenarios rather than the steeper interventions some analysts had projected.

5 min read

Stocks open little changed as Brent slips to eighty-seven on OPEC-plus draft circulation

U.S. equity benchmarks opened little changed Monday morning as Brent crude slipped below eighty-seven on draft circulation of OPEC-plus production proposals ahead of the June Vienna meeting.

4 min read

Aramco investor roadshow telegraphs upstream slowdown to Asian institutional channels

Saudi Aramco's institutional-investor roadshow opened in Singapore Sunday with senior officials telegraphing a slower upstream capex deployment than consensus had projected.

4 min read

Week ahead: housing starts, FOMC speakers, and OPEC-plus Vienna pre-briefings set tone

The week ahead will be shaped by housing-sector data, an unusually heavy Federal Open Market Committee speaker calendar, and the first OPEC-plus Vienna meeting pre-briefings.

4 min read

Week in markets: Brent holds near eighty-eight as equities post fourth consecutive weekly gain

Equity benchmarks closed the week with a fourth consecutive weekly gain as cooler inflation data and stable post-war oil pricing combined to extend the post-ceasefire rally.

4 min read

PPI cools to 2.2 percent as Aramco capex caution ripples into refinery margins

Headline U.S. producer prices rose just 0.1 percent in April and 2.2 percent year over year, the softest readings since early 2024, even as energy-related capital-expenditure caution from Saudi Aramco continued to register through global refining margins.

5 min read

Aramco warns extended low Brent could slow upstream capital deployment through 2027

Saudi Aramco told analysts on a Wednesday call that an extended period of Brent prices below $90 a barrel would prompt the company to review the pace of its upstream capital program through 2027, a warning that landed in markets already weighing the morning's IEA demand cut.

4 min read

IEA cuts second-quarter oil demand by 460,000 barrels citing soft China runs and European switching

The International Energy Agency cut its second-quarter global oil demand forecast by 460,000 barrels a day in Wednesday's monthly report, the largest single-month downward revision since the 2024 Chinese property slowdown.

5 min read

Brent grinds near $88 as CPI week and IEA revisions overshadow thin earnings tape

Brent crude steadied just above $88 a barrel on Tuesday and U.S. equity futures held near record territory as investors looked past a quieter earnings docket toward Wednesday's April inflation print and a closely watched International Energy Agency demand revision.

6 min read

Wall Street Extends Rally as Brent Slips Below $90 on Easing Supply Fears

U.S. equities pushed deeper into positive territory for the year Monday as Brent crude broke beneath $90 a barrel, with traders citing steady ceasefire compliance in the Gulf and a flood of upbeat first-quarter earnings.

4 min read

Week Ahead: Aramco, Fed Minutes and China Loan Data Test a Fragile Calm

Investors enter a make-or-break stretch this week, with Saudi Aramco earnings, the April Fed minutes and fresh Chinese credit data all landing as markets sit within a whisker of erasing the entire wartime drawdown.

5 min read

Week in Markets: Payrolls Soften, Brent Near $88 as War Premium Fully Bleeds Out

A softer April payrolls print, another step lower in crude and a string of forgiving earnings sent Wall Street to within a whisker of its February record, closing a week that effectively erased what was left of the Iran war risk premium.

5 min read

Stocks Set Fresh Post-War High as Cooler CPI and Dovish BoE Power Friday Rally

U.S. equity futures pushed to a fresh post-ceasefire high Friday morning as a softer April inflation print and an unexpectedly dovish Bank of England statement reinforced the view that the worst of the spring shock is past.

5 min read

Brent Slips Below $90 as Earnings Power Broad Rally

Brent crude closed below $90 a barrel for the first time since February as steady ceasefire compliance and strong first-quarter earnings drove the S&P 500 within a percentage point of erasing its wartime losses.

4 min read

Brent tests $90 as Disney, Pfizer set tone for busiest earnings day of quarter

Brent slipped within twenty cents of $90 a barrel and U.S. equity futures drifted in tight ranges Wednesday as investors awaited a wave of bellwether earnings, a Bank of England rate decision and Thursday's Fed minutes.

5 min read

Brent Slides to $92 as Earnings Rebound Erases Most of S&P's War Losses

Brent crude settled at $92.14 on Monday, its lowest close since February, as a steadier ceasefire and stronger-than-expected first-quarter earnings pushed the S&P 500 back to within striking distance of its pre-war highs.

5 min read

Brent drifts toward $92 as Fed week and payrolls eclipse fading war bid

Global equities edged into the new week within striking distance of pre-war highs as Brent crude slipped to a fresh three-month low and traders braced for a Federal Reserve meeting and Friday's April jobs report that will likely set the tone through Memorial Day.

6 min read

Oil eases toward $90 as earnings and easing Gulf risk pull markets higher

Brent crude has slid below $93 a barrel and U.S. equity futures are pointing higher heading into a heavy week of earnings, as investors take fresh comfort from a holding Gulf ceasefire and softer producer guidance.

4 min read

Soft April payrolls cap relief week as Brent settles near $92 and S&P recoups war losses

A cooler-than-expected April jobs report, three blockbuster tech prints and a Brent benchmark drifting toward $92 left global investors closing the first post-ceasefire month with the S&P 500 back above its February highs.

5 min read

Brent settles near $93 as April closes with broad recovery and soft China data

Wall Street finished April with its best monthly performance since November as Brent crude slid to a fresh post-ceasefire low near $93, even as a softer Chinese factory print and cautious hyperscaler guidance kept Friday's tone in check.

5 min read

Stocks near pre-war highs as Nvidia tops estimates and Brent anchors below $94

Wall Street futures pointed higher Thursday after Nvidia delivered a clean beat and reiterated its capital plan, capping a megacap earnings stretch that has helped the S&P 500 close in on its February peak.

5 min read

Microsoft clears Azure bar as futures firm into Apple print and Brent grinds lower

Microsoft's after-the-bell Azure beat lifted U.S. equity futures into Wednesday's open, while Brent slipped below $93 on a fresh Libyan output uptick and traders set up for Apple's evening print and Thursday's GDP read.

5 min read

Stocks edge higher into Microsoft print as Brent tests $94 on Libyan restart

U.S. equity futures pointed to a modestly firmer open Tuesday ahead of Microsoft's after-the-bell results, while Brent slid through $94 as a long-delayed Libyan field restart added barrels to a market already absorbing the post-ceasefire glut.

5 min read

Asian stocks open week firmer as dollar eases and Brent tests $94

Global equities advanced and crude slipped to a five-week low at Monday's open as investors moved past the Iran war premium and lined up for results from Microsoft, Apple and Nvidia in the busiest stretch of earnings season.

4 min read

Brent slips toward $95 as traders pivot from war premium to earnings

With the Iran ceasefire holding into its 12th day, oil has unwound most of its March spike and global equities head into a heavy earnings week with a recovered, but skittish, footing.

4 min read

Beijing Quietly Lifts Iranian Crude at Steep Discount as Post-War Trade Recalibrates

Chinese independent refiners restarted Iranian crude lifting at the steepest discounts in three years this week, ship-tracking and trade data showed Saturday, as Beijing moved to lock in cheap barrels while Tehran's economy reeled from the war.

5 min read

Week of relief: Wall Street claws back war losses as Brent anchors near $98

Global equities closed their best week since January and Brent crude settled at $97.85 as the Iran-Israel ceasefire entered a 10th day and a wave of megacap earnings reassured investors about enterprise spending.

5 min read

Brent Near $99 as Recovery Rally Broadens; Earnings Take Center Stage

Brent crude slipped below $99 a barrel Friday as a fragile Gulf calm and rising inventories pulled energy lower, while the S&P 500 closed within 1.2% of its pre-war high on broad earnings-driven gains.

4 min read

Tesla stumbles, BofA shines as earnings season replaces war as the driver of the tape

U.S. equity futures wobbled into the cash open Thursday as a mixed batch of overnight earnings underscored that corporate guidance, not the receding Iran-Israel war, has become the dominant input for spring positioning.

5 min read

Brent Slides Toward $95 as Equities Extend Post-Ceasefire Rally

Brent crude drifted closer to $95 a barrel on Wednesday as the Iran-Israel ceasefire held into its second week, while Wall Street futures pointed to fresh gains ahead of marquee tech earnings.

4 min read

Stocks Grind Higher, Brent Near $94 as Tech Earnings Week Opens on Firmer Footing

Global equities edged higher and crude prices slipped to fresh post-ceasefire lows Tuesday as investors entered the busiest week of first-quarter earnings with the Iran ceasefire holding into its seventh day.

5 min read

Stocks extend rally as Brent touches $93; traders pivot to busiest earnings week of the quarter

Global equities pushed higher and Brent crude touched a fresh post-war low Monday as investors absorbed a peaceful weekend in the Gulf and pivoted attention toward more than 175 S&P 500 earnings reports due over the next ten sessions.

6 min read

Abuja Redraws Budget Math as Brent Retreat Tightens Nigerian Fiscal Squeeze

Nigeria's finance ministry began revising its 2026 spending plan over the weekend after Brent crude slid toward $95 a barrel in the wake of the Iran ceasefire, exposing a benchmark price set far above current levels.

5 min read

Brent eyes sub-$95 open as Doha exchange clears final overhang from war

Crude futures and global equity contracts pointed to a calm Asian session open Sunday evening after Saturday's prisoner exchange in Doha removed what traders had treated as the last meaningful headline risk in the Iran-Israel ceasefire.

4 min read

Brent Tests $95 as Doha Exchange Keeps the Ceasefire Trade Intact

Brent crude slid toward $95 a barrel and European bourses opened firmer Saturday as traders priced in a smooth start to the Doha prisoner exchange, the most concrete test yet of the four-day-old Iran ceasefire.

5 min read

Brent slides toward $98 as ceasefire holds; equities extend rebound on returning volume

Crude prices fell for a third straight session and U.S. equity futures pointed higher Friday as traders concluded the Iran-Israel ceasefire was likely to hold, despite scattered violations earlier in the week.

4 min read

Brent slides toward $92 as ceasefire holds and tanker traffic rebounds through Hormuz

Crude extended its post-ceasefire slide and tanker bookings through the Strait of Hormuz jumped past pre-war levels Thursday, as a second day without major violations convinced traders the Islamabad accord was settling in.

5 min read

Stocks Surge, Oil Tumbles as Iran Ceasefire Takes Effect

Global equities staged their sharpest one-day rally in nearly two years and Brent crude shed more than 6% as the Iran-Israel ceasefire formally took effect at midnight GMT, ending six weeks of regional warfare.

5 min read

Brent whipsaws near $102 as traders count down final hours to Iran-Israel ceasefire

Crude oscillated in a four-dollar band and global equities traded mixed Tuesday as traders weighed the overnight ballistic salvo from Iran and an Israeli strike on a Khorasan enrichment site against a ceasefire clock now inside its final 15 hours.

5 min read

Brent plunges, stocks surge as ceasefire announcement redraws risk map

Asia opened sharply higher and crude tumbled toward $96 as traders priced in Sunday's joint Islamabad statement announcing a ceasefire to take effect Wednesday at midnight GMT.

5 min read

Oil Slides, Equities Rally as Islamabad Ceasefire Statement Resets War Premium

Brent crude tumbled more than 8% in early Asian trade and U.S. equity futures jumped after negotiators in Islamabad announced a ceasefire to take effect April 15, the largest single-session repricing of war risk in six weeks.

4 min read

Traders bank best week since war began as ceasefire bets set up tense Asia open

Equities posted their strongest week since the Iran war began and Brent shed another $4 as Islamabad inched toward text, leaving Sunday's Asia open as the next major test of a rapidly thinning war-risk premium.

5 min read

Brent tests $100 as Tehran and Washington deliver written reactions to Islamabad text

Crude tested the $100 line on Friday as both Tehran and Washington filed written responses to the Islamabad framework, and global equities pushed toward erasing the war's drawdown despite a Houthi tanker strike overnight.

5 min read

Brent drops below $100 as Delta warning and Islamabad progress reshape the tape

Crude slipped beneath $100 a barrel for the first time since the Iran war began as Delta cut its outlook and mediators in Islamabad circulated a tighter draft, leaving traders to balance softer growth against a war premium running out of fuel.

6 min read

Brent slides toward $103 as traders weigh Islamabad talks against fresh strikes

Crude eased for a third straight session as Pakistan-hosted diplomacy gained traction, but a Houthi missile salvo and overnight strikes on Iranian gas infrastructure kept the rally in equities tentative.

5 min read

Brent anchors near $108 as Islamabad headlines tug against bank-earnings jitters

Oil drifted sideways and equities opened mixed Tuesday as traders weighed renewed momentum at the Islamabad mediation track against a heavy slate of bank earnings later in the week and lingering questions about the war's economic toll.

5 min read

Brent Holds Near $112 as Markets Open to Weekend War Headlines and Islamabad Momentum

Brent crude steadied near $112 a barrel and global equities opened the week mixed Monday as traders weighed a fresh round of weekend strikes against signs that mediators in Islamabad were closing on a framework to halt the Iran war.

6 min read

Asia Futures Flicker as Traders Balance OPEC+ Relief Against a Deadly Week in Iraq and Israel

Asia-Pacific futures opened mixed late Sunday as investors weighed an OPEC+-driven retreat in oil prices against a weekend of intensifying strikes in Iraq and northern Israel, with a heavy U.S. earnings and inflation calendar ahead.

5 min read

Brent slips below $110 as OPEC+ supply wave meets jittery war tape

Crude continued its retreat from late-March highs as the OPEC+ production hike fed into physical markets, even as fresh strikes in the Gulf kept a war premium baked into the tape.

4 min read

Brent Slides Below $115 as Traders Absorb OPEC+ Barrel Pledge and Stocks Claw Back War Losses

Brent slipped under $115 a barrel and global equities extended a tentative rebound Friday as traders priced through OPEC+'s 1.5 million-barrel production pledge, even as Hormuz war-risk premiums and Iran-war headlines kept volatility elevated.

5 min read

Brent Slides Toward $108 as Global Equities Stage Tentative Relief Rally After OPEC+ Output Hike

Brent crude fell for a second day toward $108 a barrel and European equities opened firmer on Thursday as traders digested OPEC+'s 1.5 million-barrel output hike, though strategists warned the relief rally remained hostage to the Iran war.

6 min read

OPEC+ Agrees 1.5 Million Barrel Production Hike in Vienna, Easing Brent From War Peak

OPEC+ ministers meeting in emergency session in Vienna agreed Tuesday to add roughly 1.5 million barrels a day to global supply over the coming six weeks, the alliance's largest coordinated production response since the pandemic and a direct intervention in the Iran war's grip on energy markets.

4 min read

Brent eases as traders position for OPEC+ Vienna emergency decision

Crude futures slipped in early trading Wednesday as traders braced for an emergency OPEC+ session in Vienna expected to authorize a sizable production hike, while equity index futures clawed back a sliver of last week's losses.

5 min read

Wall Street Steadies at Open as Traders Await Vienna OPEC+ Signal on Supply

U.S. stocks opened narrowly mixed Tuesday as Brent crude pulled back below $124 a barrel on reports that OPEC+ ministers in Vienna were closing in on a production hike of 1.4 million barrels a day or more.

5 min read

Gold Tops $3,400 as European Markets Extend Iran War Selloff Into Monday Open

Spot gold surged past $3,400 an ounce and European equities slid more than 2 percent at Monday's open as the Iran war drove a fresh global rotation into safe-haven assets ahead of OPEC+ consultations in Vienna.

4 min read

OPEC+ to Hold Emergency Session in Vienna Tuesday as Brent Crude Tops $125

OPEC+ called an emergency Vienna meeting for Tuesday after Brent crude pushed past $125 in early Asian trade Sunday, with Saudi Arabia and the UAE weighing coordinated production increases amid the widening Iran conflict.

5 min read

Asian Markets Open Sharply Lower as Iran War Disrupts Sunday Futures Trading

Asian equities tumbled at the Monday open in Tokyo as escalating strikes between Iran, Israel and U.S.-aligned Gulf states sent Brent crude past $125 a barrel and pushed safe-haven flows into the Japanese yen.

4 min read