Market News
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Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources say
Iran is currently in discussions with Japanese companies regarding the potential resumption of oil sales, backed by a U.S. sanctions waiver that expires on August 21. Purchasers are advocating for a longer waiver and enhanced protections for shipping, following troubling occurrences in the Strait of Hormuz. Initial conversations are taking place, yet obtaining insurance remains a critical issue for Japanese refineries.
Oil prices decline as OPEC+ approves higher output targets; Brent above $70 per barrel
US-Iran war: Brent crude futures slipped 24 cents, or 0.33%, to $71.88 a barrel, after ending 0.45% higher on Friday.
Oil prices slip after Opec+ agrees to raise August output targets
Brent crude falls below $72 a barrel, while US WTI slips to around $68.6 as recovering Strait of Hormuz exports ease supply concerns
OPEC+ to boost crude output, but can it deliver and who will buy?
OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer demand. While Middle East exports are recovering post-conflict, they remain below pre-war levels. The market anticipates a return to oversupply, contingent on stable shipping routes and China's re-entry into the market, which is expected as prices potentially fall.
Asian stocks today: Kospi, Nikkei rise up to 3% amid tech rally, falling crude oil prices
Asian stocks today: South Korea’s Kospi climbed 2.9%, while Japan’s Nikkei 225 edged up 0.2%.
Gold steadies after weekly gain as US Fed rate-hike worries recede
Gold steadied, supported by reduced US Fed rate hike expectations. Oil dropped as more tankers moved through the Strait of Hormuz. Trump allies push to reshape the Fed.
From Gift Nifty, crude oil prices to gold rate: 8 key things that changed for Indian stock market over weekend - livemint.com
From Gift Nifty, crude oil prices to gold rate: 8 key things that changed for Indian stock market over weekendlivemint.com
Oil prices fall as Hormuz flows persist, OPEC+ signals higher supplies
Brent declined below $72 a barrel, while West Texas Intermediate was close to $68 a barrel.
Asian shares gain as tech rebound holds, oil prices slip
South Korea's Kospi index was up 2.9% while Japan's Nikkei 225 was up 0.2%. MSCI's Asia Pacific Index was increasing 0.3% with over two shares rising for every one which declined.
Oil Prices Today: Brent Falls Below $72 After OPEC+ Raises August Supply Targets
Crude prices eased as tanker traffic through the Strait of Hormuz improved and OPEC+ approved another production increase for August, adding to supply concerns.
Dalal Street to track oil, earnings, global trends - The Times of India
Dalal Street to track oil, earnings, global trendsThe Times of India
Crude oil, global cues, TCS earnings to steer Indian stock market this week - Rediff
Crude oil, global cues, TCS earnings to steer Indian stock market this weekRediff