EUR/USD
1.15598
-0.098%
Gold
4661.64
-0.949%
Oil
104.456
3.707%
USD/JPY
159.799
0.313%
GBP/USD
1.32464
-0.163%
GBP/JPY
211.682
0.071%
Real-time News
April 7th - Russias crude oil prices rose to their highest level in over 13 years as the global oil price surge triggered by the situation with Iran. According to Argus Media, on April 2nd, the price of Russias flagship Urals crude reached $116.05 per barrel at Primorsk, Russias largest oil export facility on the Baltic coast. This price, excluding transportation costs, is almost double the average of $59 per barrel assumed in Russias budget this year. Amid the ongoing conflict between Russia and Ukraine, substantial oil revenues are easing the Kremlins financial pressure.According to Irans Nour News, power outages have occurred in parts of Karaj, Iran, due to artillery shells hitting power transmission lines.Qatar maintains that the post-war Hormuz Agreement should not exclude any parties in the region.Qatar maintains that the post-war Hormuz Agreement should include international guarantees.April 7th - Shipping data from the London Stock Exchange Group (LSEG) and Kpler showed that crude oil exports from the Saudi Red Sea port of Yanbu fell by approximately 15% week-on-week in the week ending March 30th, averaging nearly 3.9 million barrels per day, compared to an average of nearly 4.6 million barrels per day the previous week. Kpler analyst Johannes Rauball stated, "The decline in exports likely reflects issues with vessel availability and unloading times." A shipping industry source indicated that Houthi statements regarding a possible attack on the Bab el-Mandeb Strait have caused some shipowners to hesitate to send vessels to the port.
