EUR/USD
1.17663
0.065%
Gold
4768.23
0.590%
Oil
92.488
-0.228%
USD/JPY
159.214
-0.145%
GBP/USD
1.35183
0.088%
GBP/JPY
215.235
-0.050%
Real-time News
On April 14, Iranian Oil Minister Mohsin Paknejhad stated that Irans oil sales have been strong since the outbreak of the military conflict with the United States and Israel, and a portion of the revenue will be used to repair the damage to industry caused by the wartime attacks. Paknejhad said that Iranian oil industry workers maintained the operation of various facilities during the conflict, ensuring that oil exports "have not been interrupted for even a day," including key export hubs such as Kharg Island.April 14th - According to the Financial Times, BP stated that its oil trading division achieved "extraordinary" results in the first quarter following the surge in crude oil prices caused by the war with Iran. The energy supply crisis caused by the war has scrambled for available cargoes by traders and refineries to fill the large energy supply gaps caused by the conflict in the Gulf region. Last week, the price of North Sea crude oil for immediate delivery hit a record high of nearly $147 per barrel. In its trading report released before the results announcement on April 28th, BP also stated that its net debt for the first quarter would increase by approximately $3 billion to $5 billion due to increased working capital (i.e., funds needed for daily operations). This move aims to ensure the company has sufficient cash reserves to cope with the current market volatility. Last week, Shell also stated that it expects the war to bring significant growth to its trading business.ANZ Bank: Production of 1 million to 2 million barrels per day could face permanent or semi-permanent disruption due to reservoir damage, maintenance delays and financial challenges.ANZ Bank: Oil prices are expected to remain high in 2027, staying in the range of US$80 to US$85 per barrel.Polish Foreign Minister: Deterrence is effective; Russian President Putin is losing allies.
