Petrol

USD/CAD trades around 1.3665 on Tuesday, up 0.27% on the day, rebounding after briefly dipping below the 1.3600 mark on Monday. The upside move remains limited in a context shaped by diverging fundamental forces.

Italy's Eni and Spain's Repsol, two of the largest European energy companies, plan to increase natural gas production from their jointly owned Cardon IV gas field in Venezuela. Currently, output from the Venezuelan gas field, in which Eni and Repsol own 50% each, produces about 580 million cubic fee

Deutsche Bank strategists note that Brent Oil has climbed to its highest level in three weeks as the Strait of Hormuz remains effectively closed and peace talks between the United States (US) and Iran stall.

Societe Generale analysts note USD/JPY failed to sustain a breakout above its multi‑year range and is consolidating above the 50‑day moving average. They highlight a crucial support zone around 158.30/157.50 and resistance near 160.50.

Oil prices extended gains in Asian trade on Tuesday, with Brent Crude topping $111 per barrel, as the Strait of Hormuz remains inaccessible for more than eight weeks and the U.S.-Iran talks are nowhere near resumption. In the early morning in Europe, the Brent Crude futures were rising by 2.61% to $

BP (NYSE: BP) more than doubled its profit for the first quarter from a year earlier as oil prices jumped and oil trading boomed amid the war in the Middle East in the latter part of the quarter. BP, the first of the supermajors to announce first-quarter results this earnings season, on Tuesday repo

Chinese state refiners could restart fuel exports next month if the government in Beijing approves their applications for the restart, citing ample domestic stocks. Companies including Sinopec and CNPC have submitted applications for export permits, Bloomberg reported today, citing unnamed sources i

OCBC strategists Sim Moh Siong and Christopher Wong note most Asian FX have firmed, led by MYR, THB and TWD, helped by Iran’s proposal on Hormuz. However, elevated Oil prices and constrained energy passthrough pose risks to demand and could restrain high‑beta, Oil‑sensitive Asian FX.

West Texas Intermediate (WTI), futures on NYMEX, trades over 1% above $96.00 during the European trading session on Tuesday.

The Indian Rupee (INR) weakens further after a brief pause against the US Dollar (USD) in the opening session on Tuesday. The USD/INR pair jumps to near 94.46 as elevated oil prices continue to hurt the Indian Rupee.

West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $95.20 per barrel during the Asian hours on Tuesday. Crude oil prices rise as the critical Strait of Hormuz remains largely shut, tightening Middle East energy supplies.

Commerzbank’s Charlie Lay, Dr. Henry Hao and Moses Lim argue that the war in Iran has delivered a stagflationary shock to Asia, pushing inflation forecasts higher while leaving growth risks skewed to the downside.

Warnings are multiplying that the oil supply shock caused by the war in the Middle East is going to cause permanent changes in demand patterns. The longer the war continues, the higher the chances are of those changes materializing as lost barrels pile up. There is up to 1 billion barrels of oil in

NZD/USD posted limited gains of around 0.4% on Monday, settling close to 0.5905 but stalling just below the 0.5925 area that capped last week's recovery.