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The USD/CAD pair enters a bearish consolidation phase after touching a fresh low since March 11 during the Asian session on Friday, and currently trades around the 1.3575 region. Nevertheless, spot prices remain on track to register losses for the fourth straight week.

West Texas Intermediate (WTI) oil price inches higher after registering 2.7% losses in the previous day, trading around $102.40 per barrel during the Asian hours on Friday.

A couple of days ago, the United Arab Emirates announced that it will formally leave OPEC on May 1, with the Middle East oil giant becoming the latest country to cut ties with the organization in recent years. The UAE is among the world’s leading oil producers and OPEC’s third-largest, trailing only

Asia’s first knee-jerk reaction to the shock loss of crude supply from the Middle East was to fire up coal power plants, save fuel, and scour the global markets for alternative oil deliveries. While the Iran war and the Strait of Hormuz crisis prompted immediate measures to reduce oil and gas consum

With oil and gas supply in a crunch, demand for alternatives has surged over the past two months. Analysts expect wind and solar to explode as countries seek to reduce their dependence on hydrocarbons that are now in short supply. For that to stand a chance of working, however, it needs one more thi

OCBC strategists Sim Moh Siong and Christopher Wong highlight that most Asian FX traded softer as Brent’s rise toward USD120/bbl, inflation risks and hawkish Fed repricing weighed on sentiment.

The Strait of Hormuz blockade has removed roughly 9 million barrels per day of crude supply from the global market, and replacement barrels are not keeping pace, according to a new report by Vortexa. U.S. Gulf Coast crude oil exports have reached record highs, although this has been in large part su

West Texas Intermediate (WTI) declines on Thursday, trading around $101.45 at the time of writing, down 3.70% on the day after three consecutive days of gains. Despite this technical pullback, US Crude remains above the psychological $100 level, reflecting a market that is still under strain.

Imports of liquefied natural gas into Asia last month slumped to the lowest in seven years. The reason, of course, was the war in the Middle East that has choked off about a quarter of global LNG supply, pushing prices higher and spurring a race for limited volumes. Most of those volumes are coming

The White House is weighing measures to increase U.S. oil output as supply disruptions tied to the Iran war continue to tighten the market. “We’ve been in constant communication with the oil companies, and have been considering measures that we could take here in the U.S. to increase U.S. production

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is edging higher as the softer US Dollar (USD) and a narrower 1Y US/Canada swap spread support the currency. The Bank of Canada (BoC) left policy unchanged, highlighting offsetting risks from Oil and trade.

Weeks of US and Israeli air strikes, sanctions, and restrictions have hit Iran hard, but it could be geology that eventually pushes it into making concessions in its ongoing standoff with the United States. As the US naval blockade of Iran approaches the end of its third week, data from shipping and