EUROPEAN WINDOW
A free overview of the market at the end of the London trading day
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Brent strengthens to $106.66 as Ryazan CDU-6 halts, Iran slips LPG past blockade, VLCC rates ease, India diesel demand jumps.
Brent Firms Despite Potential ‘Shadow Fleet’ Restriction Easing
Brent firms to $106.12 as US eyes shadow fleet easing, IEA speeds stock releases, Russian diesel returns, Ukraine hits Ryazan.
Brent Firms as Saudi Aramco HQ Shoulders Heavy Damage
Aramco’s Dhahran HQ damaged in attack; IEA meets on European diesel stock releases; Huajin Aramco JV gets first Arabian crude.
Brent remains supported above $105/bbl on continued threats on Saudi Arabian sites
In a Truth Social post, US President Donald Trump said that the Houthis are "behaving very badly"...
Brent briefly surges above $107/bbl. Riyadh Airport shut until 17 Oct
Riyadh's King Khalid International Airport will remain closed until 22:00 BST on 17 Oct, as per a Notice to Airmen (NOTAM)....
Brent continues to see resistance above $105/bbl
72% of US Gulf oil production has been shut in ahead of Hurricane Isaias
Brent meets resistance above $105/bbl on comments that US will not strike Iran before midterms
Hurricane Isaias is expected to make landfall in the US northern Gulf Coast on 09 Oct, with estimates....
Brent eases from above $102/bbl despite EIA-reported crude draw
US crude inventories fell by 3.2mb to 424.10 mb last week, sharply against expectations for a 1.7 mb build...
Brent recovers from below $100/bbl, UKMTO reports attack on tanker transiting outbound Hormuz
Russia's Volgograd refinery (280kb/d) reportedly halted its crude processing on 02 Oct, while Russia has reported that it hit a tanker....
Brent weakens nearly $2 d/d. Yemeni govt forces reportedly recapture Mocha
US President Donald Trump is reportedly preparing an executive order to expand access to tax-exempt diesel....
Brent briefly drops below $100/bbl; G7 agree to release diesel, crude oil
The G7 countries agreed on the release of 100mb of diesel and crude oil from emergency reserves.
Brent strengthens above $101. US says Iran must “sign deal, or it won’t exist longer”
US President Donald Trump said that ramped-up bombing of Iran was "possible" after the midterms...
Brent Firms, Meanwhile, OPEC+ Producers Likely to Keep Targets Steady
Brent firms to $103.67 as Texas/LA/NM output rises; OPEC+ seen holding Nov targets steady; Russia extends diesel export ban to end-Oct.