Prior was +3081K Gasoline -6328K vs -2077K expected Distillates -3122K vs -2437K expected The oil market has bigger things to worry about than this but there are around 100 VLCC’s heading to…
Al Mayadeen cites a senior “Iranian political-security source” who says that a ceasefire in Lebanon will be approved tonight. The source also says it’s “possible” that Netanyahu may move to undermine it.…
Prior was -0.2 New orders +19.3 vs +6.4 prior Prices paid +51.0 vs +36.6 prior Employment +9.8 vs +5.8 prior Separately, the US was out with import/export price data: Import prices +0.8%…
Prior was -3.0% (revised to -3.1%) Wholesale sales vs +2.0% vs +2.3% expected Prior wholesale -1.0% (revised to -1.1%) The Monthly Survey of Manufacturing (MSM), conducted by Statistics Canada, is a key…
Full report here AP News is reporting that mediators are working to extend the two-week ceasefire between the US and Iran before it expires next week on April 22. Despite a US…
Headlines: Markets keep the calm awaiting a potential US-Iran deal Gold remains supported amid US-Iran deal optimism as real yields extend the drop US president Trump: I think the war with Iran…
Predicts that oil prices will drop back to or below previous levels China has not responded to the blockade on the Strait of Hormuz If Iran doesn’t agree to give up nuclear…
At the same time, they are also threatening to disrupt all commercial shipping in the Red Sea if the blockade continues. In case you missed it, the US military had earlier in…
Credit Agricole argues that markets are currently riding a wave of optimism all thanks to US president Trump giving hope that a peace deal looks to be on the cards. However, the…
Prior -1.5%; revised to -0.8% Euro area factory output nudged up more than estimated just before the start of the US-Iran conflict, and that is despite a more positive revision to the…
Full report here The US is increasing its military presence in the Middle East as the two-week ceasefire approaches the April 22 deadline. The Pentagon is deploying approximately 10,000 additional personnel, including…
It is reported that Iran will be seeking alternative means to get shipments in/out of the country amid the US blockade of the Strait of Hormuz currently. These alternative ports are said…
