EUROPEAN WINDOW
A free overview of the market at the end of the London trading day
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Brent falls as Saudi flows bypass Red Sea risks, ADNOC expands tenders, and Japan secures diversified crude supplies.
Brent over $100/bbl!
Brent hits $101 highs and remains above $100 as President Trump threatens Iran with "massive attack"
Brent Trades Rangebound as CMA CGM Introduces Fuel Surcharge
Brent holds firm as shipping costs rise, Iraq signs $200bn energy deals, and Pakistan seeks crude beyond the Middle East.
Brent Breaks Above $90/bbl as Kuwaiti Ship Attacked
Brent topped $91 as a tanker was hit in Hormuz. India boosted Russian crude imports, while Russia rerouted fuel supplies.
Brent Trades Rangebound as Houthis Declare Maritime Blockade
Brent steady as Houthi Saudi blockade threat escalates, Hormuz flows slow, US gasoline tops $4/gal and China fuel exports rise.
Brent Recovers as Oil Tanker Attacked Near Black Sea Terminal
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.