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UAE Withdraws From OAPEC

The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following the country’s landmark decision to exit OPEC and the broader OPEC+ alliance. “While it appreciates the role played by the UAE throughout its membership period and it

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PetrolFXStreet News

Canada: Trade and jobs seen subdued – TD Securities

TD Securities economists Robert Both and Emma Lawrence project a sharp narrowing in Canada’s March international merchandise trade deficit to CAD 1.5 billion, driven by stronger exports on higher West Texas Intermediate (WTI) and autos.

WTI
PetrolOilPrice.com

Equinor Bets on New Wells to Offset Declining Fields

Norway’s energy major Equinor has extended key drilling and well services contracts worth a combined NOK 17 billion ($1.8 billion), reinforcing activity on the Norwegian continental shelf as the company targets production of around 1.2 million barrels of oil equivalent per day toward 2035 and seeks

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PetrolOilPrice.com

U.S. Navy Enters Gulf as 'Project Freedom' Tests Iran's Grip on Hormuz

Two months into the war with Iran, the Trump administration moved Monday to break Tehran's grip on the world's most important oil shipping lane, sending U.S. Navy guided-missile destroyers through the Strait of Hormuz and announcing 'Project Freedom,’ an operation aimed at guiding stranded commercia

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MakroFXStreet News

Turkey: Disinflation risks rise with energy shock – ING

ING’s Chief Economist for Turkey, Muhammet Mercan, notes that April inflation rose more than expected, with annual Consumer Price Index (CPI) reaching 32.4%, well above the Central Bank of Turkey’s 16% target.

INFLATION
PetrolFXStreet News

GBP/USD recoils as Hormuz risks lift US Dollar and WTI

GBP/USD falls on Monday as tensions in the Middle East remain high, as Iran threatens the US Navy not to enter the Strait of Hormuz, amid growing speculation that Tehran launched missiles at a US warship. At the time of writing, the pair trades at 1.3531, slightly down 0.34%.

WTI
MakroFXStreet News

AUD/USD falls ahead of RBA decision, Middle East noise limits upside

The AUD/USD pair is trading with a cautious tone, hovering near the 0.7190 price zone as investors position ahead of the Reserve Bank of Australia (RBA) monetary policy decision due later on Monday.

PetrolOilPrice.com

Equinor Signs $1.8 Billion in Drilling Deals to Keep Oil and Gas Output High

Equinor has extended $1.8 billion worth of drilling and well services supplier contracts as the Norwegian energy major looks to keep high oil and gas production offshore Norway and deliver stable energy volumes to Europe. Equinor is extending key supplier agreements worth a total of $1.8 billion (17

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Madeni Yağ Devinden Türkiye Hamlesi: FUCHS Hisselerin Tamamını Devraldı, Ahmet Oral Genel Müdür Olarak Atandı!

Şubat Ayında Duyurmuştuk FUCHS’un Türkiye’deki hisse yapısını değiştireceğine dair planlarını Şubat ayında detaylı bir analizle okurlarımıza sunmuştuk. Küresel madeni yağ pazarının lider oyuncularından Alman devi FUCHS, Türkiye pazarındaki varlığını tek çatı altında toplama kararı alarak stratejik b

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MakroFXStreet News

Fed: Gradual easing risks delay – TD Securities

TD Securities economists Oscar Munoz and Eli Nir expect the Federal Reserve (Fed) to stay on hold until September as it assesses the Iran conflict’s impact and monitors inflation.

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