EUROPEAN WINDOW
A free overview of the market at the end of the London trading day
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Brent steadies as CPC tanker attack, China fuel price hikes and Red Sea risks keep geopolitical tensions elevated.
Brent Dips Despite Bab el-Mandeb Closure Threats
Brent falls as Bab el-Mandeb risks rise; Iraq exports resume, China expands ethylene, India restricts Hormuz crews.
Brent Dips to $83/bbl as the US Set to Back Iraq-Syria Crude Oil Pipeline
US supports Hormuz bypass pipeline, Russia refinery hit, China fuel demand weakens, while Japan diversifies crude supply.
Brent Declines as Trump Cancels 20% Fee
Brent eases as Trump confirms Iran shipping blockade. China imports slump, while Brazil and Nigeria adjust fuel policies.
Brent Rises As Trump Reinstates Blockade
Brent rises as US-Iran tensions escalate. OPEC cuts 2026 demand outlook, while Nigeria output and global fuel security efforts grow.
Brent Eases as The US Agrees to Further Talks With Iran
Brent eases as US-Iran talks resume. Russia's fuel crunch deepens, while India expands SPR capacity with a new 13mb site.
Brent Slides as Russia’s Saratov Refinery is Hits
Brent falls as Russia halts refinery runs and bans diesel exports. CFTC blocks 24/7 crude trading; Iraq backs OPEC membership.
Brent Breaks $80/bbl Following US-Iran Escalations
Brent breaks $80 as Iran tensions escalate, Hormuz risks rise, tanker flows halt, and China resumes fuel exports.
Brent Rises above $73/bbl as Tankers Hit In Strait
Hormuz tensions rise as tankers are hit; Omsk refinery halts after strike, while new pipeline routes gain attention.
Brent Softens as Russia’s Omsk Refinery Struck
Brent firms as Ukraine hits Russia's Omsk refinery; India buys 8mb crude; Iraq advances strategic pipeline plans.
Brent Briefly Breaks $72/bbl; Meanwhile, Kuwait’s Crude Production Rises
Kuwait, Kazakhstan output rises as Gulf flows recover; Chinese teapots buy cheap Mideast crude; US holiday demand steady.
Brent remains weak on expectations of easing supply
The drop in prices comes amid expectations of a glut due to Qatar reporting good progress on the Strait of Hormuz between the US and Iran...
Brent Declines as Trump Claims Iranian Denuclearisation Progress
Brent falls below $72 as OPEC+ eyes output hike, Ukraine hits Russia, and US-Iran talks continue.