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08:19
IEA Monthly Report: Russia's 2026 Oil Production Forecast Lowered to 10.3 Million Barrels per Day
IEA Monthly Report: Lowers Russia's 2026 Oil Production Forecast to 10.3 Million Barrels per Day
08:17
Fitch: In the short term, rising fuel prices, higher interest rates, and a weakening rupee are likely to put more pressure on Indonesian diversified financial companies than on the banking sector.
Fitch: In the short term, the pressure on Indonesian multifinance companies from rising fuel prices, higher interest rates, and a weakening rupee is likely greater than the pressure on the banking sector.
08:17
International Energy Agency: US crude oil flows into the Atlantic Basin, putting pressure on the price differentials of Mediterranean and Caspian crude oil.
⑴ The International Energy Agency stated in its monthly report that last month a large influx of U.S. crude oil poured into the Atlantic Basin, dragging down the price differentials of Mediterranean and Caspian crude; meanwhile, due to cooling demand, the premium on Angolan crude oil dropped sharply. ⑵ Despite improved refining margins, lower shipping costs, and refineries ramping up processing loads in advance of the peak summer travel season, prices of Mediterranean and Caspian crude varieties remain under pressure.
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