Sunda Energy PLC (AIM:SNDA, FRA:GHA0) told investors it will avoid drawing a further tranche of convertible debt for its planned New Zealand acquisition, after stronger oil prices and Matahio NZ's
WTI held at $70.09 defending key support, Brent stayed at $73.37, and Natural Gas traded at $3.167 inside an ascending channel. Technical setups and trade ideas inside.
Oil prices remain under pressure as US-Iran talks reduce the war premium, while Strait of Hormuz uncertainty and key WTI and Brent support levels shape the next move.
The unexpectedly rapid retreat in ​energy prices in the past week has further taken pressure off European Central Bank policymakers ‌to lift interest rates next month but the case for a small hike
Stocks of ​crude oil in the U.S. ‌Strategic Petroleum Reserve fell by 5.5 million barrels to 325.7 million barrels, ​the lowest level since May ​1983, according to data from the ⁠Department
JPMorgan, Citi and other analysts are cutting long-term oil price forecasts as weaker demand outweighs lingering geopolitical risks in the Middle East.
Kevin Hassett, the White House National Economic Council director, told CNBC's Squawk Box this morning that the recent calm in oil markets is a ledge, not a landing.
With war winding down, it makes sense that we are seeing the oil markets quiet down a bit.
Strait of Hormuz shipping is unlikely to rebound quickly to pre-war levels, as companies grapple with unclear ceasefire terms, higher insurance costs and mine risks. Iran is set to continue to exert i
White House National Economic Council Director Kevin Hassett joins 'Squawk Box' to discuss the impact of the U.S.-Iran conflict on energy prices, how inflation can be brought down, the state of the ec
Weekly crude oil outlook: Watch the 52-week moving average, Hormuz risks, inventory data, payrolls and OPEC+ production for the next move in prices.
The conflict between the U.S. and Iran wavered at the end of last week into the weekend, though hopes that tensions will cool offered reprieve for futures this morning. Tom White talks about the volat
With geopolitical risk premium largely removed, oil benchmarks faced renewed selling pressure while natural gas showed resilience. WTI confirms bearish breakdown targeting $63.01, Brent tests channel
Middle ​East producers are pushing ahead with loading oil and liquefied natural gas despite fresh ship attacks in the Strait of Hormuz and renewed ‌strikes between the U.S. and Iran in recent days
Oil rose amid renewed concerns over supply disruptions in the Middle East.
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