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Canada offers concessions in a bid to avoid Trump tariffs
Canada offers trade concessions to avert Trumpâs 50% tariffs, targeting autos, critical minerals, energy and defense. Read more here.
OPEC+ completes planned output hike, eyes bigger supply increase after Iran conflict (CO1:COM:Commodity)
OPEC+ raises oil quotas by 188,000 bpd, ending 2023 cut rollbacks.
Trump says he will order halt to Iran strikes after points reached on deal
Trump says U.S. will halt new Iran strikes as deal talks reopen the Strait of Hormuzâkey for oil markets.
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High fuel prices likely to linger with or without continued Iran war, Exxon and Chevron say
Exxon Mobil and Chevron warned that global supplies of diesel and other refined products will likely remain âtight and lead to persistently high prices in the coming months.
Trump says agreement reached for phased disarmament of Hamas in Gaza (USO:NYSEARCA)
Trump touts a phased Hamas disarmament deal from Cairo talks as Israel stays skeptical.
U.S. crude stockpiles rose 3.3M barrels last week, API says (USO:NYSEARCA)
The American Petroleum Institute reportedly shows a surprise build of 3.3M barrels of oil in US commercial stockpiles for the week ending July 24, the second straight weekly build.
Oil slides as Trump pauses Iran strikes, easing supply fears (CL1:COM:Commodity)
Oil prices plunge 5%+ as Trump pauses Iran strikes, easing supply fears.
Earnings week: AAPL. MSFT, AMZN, META, XOM, PYPL, CVX, F, KO, ABBV, V, QCOM, BA, MO, SOFI
Preview the busiest earnings week (July 27â31): MSFT, AAPL, AMZN, META plus energy, banks & chipsâkey signals on AI, consumers and the economy.
U.S. crude stockpiles rose 2.6M barrels last week, API says (USO:NYSEARCA)
American Petroleum Institute reportedly shows surprise build of 2.6M barrels of oil in US commercial stockpiles for the week ending July 17, breaking a streak of 13 straight weekly declines.
Chevron shuts production at U.S. Gulf platform ahead of tropical storm (CVX:NYSE)
Chevron said it is shutting-in production at its âPetronius facility in the US Gulf, and move all associated personnel onshore in preparation for Tropical Depression Two.
U.S. refiner margins spiked to record highs this week as fuel shortage concerns grow (VLO:NYSE)
US refiner margins shattered records as low stockpiles and supply disruptions driven by escalating US-Iran attacks threaten potential shortfalls in the largest fuel consuming country.
Iran says itâs suspending ceasefire commitments with U.S.
Iran says it is suspending all commitments reached with the U.S. under the Islamabad Memorandum of Understanding a month ago. Read more here.
U.S. crude climbs 15% this week as U.S.-Iran attacks escalate, Red Sea shutdown fears rise
Crude oil and refined product futures finished sharply higher as fighting escalated between the US and Iran, and fears rise that Yemen
Oil stockpiles close to running on empty as Hormuz shuts again, traders warn (USO:NYSEARCA)
The breakdown of the ceasefire between the US and Iran threatens a fresh crude oil supply crunch without the inventories that helped avert a wider economic crisis earlier in the war.
Oil eases off day
Crude oil futures extended gains but pulled back from day
Saudi Arabia resumes oil loadings at its biggest export terminal after four-month halt
Saudi Arabia has resumed oil loadings at the Ras Tanura terminal on the Persian Gulf after a nearly four-month halt due to the closing of the Strait of Hormuz.