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Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf through the Strait of Hormuz.
Chronology
Middle East Oil Markets Flash Signs of Abundance as Flows Rise
Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf through the Strait of Hormuz.
Reduced historical snapshot. The full archived contents could not be verified.
Middle East Oil Markets Flash Signs of Abundance as Flows Rise
Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf through the Strait of Hormuz.
Reduced historical snapshot. The full archived contents could not be verified.
Reporting
- Middle East Oil Markets Flash Signs of Abundance as Flows Rise
Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf through the Strait of Hormuz.
- Oil rises as Iran says war deal remains distant, US strikes Qeshm
Earlier on MacroDigest
- Oil rises after report of US strike on Iran's Qeshm Island
- Crude oil prices sell off more than 7% on Iran peace talk hopes ahead of U.S. midterms
- Oil drops over 4% on hopes of progress in talks on ending US-Iran war
- Oil drops over 4% on hopes of progress in talks on ending US-Iran war
- Oil prices settles lower as diplomacy hopes offset some Mideast supply concerns
- Oil prices edge lower as renewed U.S.-Iran peace efforts ease supply fears
- Oil prices fall as renewed U.S.-Iran peace efforts ease supply fears
- Oil prices fall as renewed U.S.-Iran peace efforts ease supply fears
- US oil prices fall as investors gauge risks to Mideast supply
- Oil prices rise as Houthi attacks on Saudi Arabian refinery raise supply worries
- Oil prices rise as Houthi attacks on Saudi Arabian refinery raise supply worries
- Oil hits $117 for first time since April on fears of flare-up in Iran hostilities
- Mercuria challenging the ‘Dow Jones of shipping’ in court after Hormuz losses
- Persistent Oil Prices Threaten Inflation Outlook
- Oil hits $117 for first time since April on fears of flare-up in Iran hostilities
- Global Oil Price Hits $117 a Barrel, Highest Since April
- Ship attacks in Strait of Hormuz hit record high in October
- Ship attacks in Strait of Hormuz hit record high in October
- Oil prices cool from 5-month highs as Trump invokes defense production act
- TSX futures slip as oil rally adds to inflation worries