Oil Catch-Up: WTI Jumps 1% as Houthis Hit Aramco, Iran Flags New Tanker Tactics
Brent settled near $106 and WTI climbed to $95 after Houthis hit an Aramco building in Dhahran. Yet Gulf exports are recovering — which is exactly why the fear premium, not supply loss, is doing the work.
Goldman Flags 105 EUR TTF Gas Risk as Europe Storage Runs Low
Goldman Sachs is holding a 70 euro year-end TTF forecast while flagging a scenario where winter gas peaks near 105 euros. The gap hinges on how much LNG Europe must outbid Asia to secure.
Brent Settles Near $106 as Dhahran Booms Test Aramco Risk
Brent settled near $106 while diesel futures jumped 5%, and record 2027 strips show traders are pricing a lasting deficit rather than a war premium. The Dhahran reports landed too late for the cash session to answer.
Saudi Arabia Eyes 1.2M bpd Hormuz Bypass via Gas Line
Saudi Arabia says a converted gas line could add 1.2 million bpd of Hormuz bypass capacity in seven to eight weeks. The catch sits at Yanbu, where ship-tracking shows loadings of only around 4.5 million bpd.
IEA Urges Faster Diesel Releases as 400m-Barrel Pledge Lags
The IEA wants diesel first, seven months after a 400 million-barrel pledge that still has not fully landed. The G7's 100 million-barrel headline may be the same barrels restated, which is why cracks have not broken.
Goldman: Gulf Oil Exports Back to 22-23 mb/d, Dated Brent Stays High
Goldman says Gulf oil exports are back to 22-23 mb/d, yet Dated Brent still trades near $120 with a $22 risk premium baked into spreads. The flow recovery and the price tell two different stories.
Russia Clears 500,000 Tons Diesel Exports After Trump-Putin Deal
Russia cleared just 500,000 tons of diesel for export, about 3.7 million barrels, after the Putin-Trump deal. That is roughly a tenth of the volume Trump announced, and the gap is what diesel traders are pricing.
Trump Diesel Deal Adds 36M Russian Barrels, Ukraine Truce Unconfirmed
Trump says Russia will ship about 36 million barrels of diesel to the US and that Kyiv has agreed an energy ceasefire. Neither the Kremlin nor a monitoring plan has confirmed the terms, leaving diesel margins and crude's sanctions premium trading on a social media post.
Houthis Claim Aramco Strikes, Saudi-Iran Call Cuts Oil Risk Premium
Houthis claim strikes on two Aramco facilities and Dammam airport, confirmed by Saudi aviation authorities. With Aramco silent, traders are pricing Gulf crude risk without knowing whether output or exports were touched.
Delivered Crude Hits Spring Highs as JPMorgan Flags Tanker Crunch
JPMorgan says delivered crude prices are back at spring highs and European refining margins have turned negative again. The scarce commodity this time is the tanker, not the barrel, with more than four in five of the world's VLCCs already in service.
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Start TradingJPMorgan: G7's 100M Barrel Oil Release Is Mostly Old Barrels
JPMorgan says the G7's 100 million barrel release counts roughly 91 million barrels already committed in March. The only genuinely new element is the diesel tilt, and Europe's 377 million barrels of emergency diesel remain largely untouched.
Transocean Locks $1.1B Backlog as Equinor Deal Firms Up
Transocean just moved Equinor's $1.0 billion Norway contract from pending to firm backlog and stacked $62 million of Shell work on top. The quiet detail is how many of its harsh environment rigs are now tied up.
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