Top global oil trader Vitol and North American fuel distributor Sunoco took delivery of the first U.S. import of gasoline from Nigeria's new Dangote refinery on Monday, according to vessel-tracking data and two sources familiar with the matter. ...

Francisco Blanch is head of commodities and derivatives research at Bank of America Securities. Francisco, it's great to have you back on the program. How do you see this Russia story playing out.And are you surprised that oil's not moving more given that Ukrainian drones hit pretty deep inside Russia. Hey, hey, thanks for having me. Look, we've had of course hits to Ukrainian refineries, but also so Russian refineries by by Ukrainian drones, but also uh we had the port of Primorsque, which uh which was hit ...

J P M O R G A N Global Markets Strategy 11 September 2025 Oil Markets Weekly Beware the Ides of September Beware the Ides of September Oil rose 2% this week to $67, as renewed geopolitical tensions—stemming from an Israeli airstrike on Hamas leaders in Qatar on Monday and NATO planes shooting down Russian drones deep inside Poland on Wednesday—reintroduced a modest geopolitical risk premium to the market. Oil received further support from President Trump's latest tariff threats against Russian crude buyers, ...

ab 10 September 2025 Global Research Weekly Oil Data Stock builds in both crude and products Crude stocks build, bearish vs. consensus Crude oil inventories again climbed by +3.9Mb, bearish vs. both consensus for a -1.0Mb draw and the 5-year average build of +1.5Mb. Yesterday's API data pointed to a more modest build of +1.3Mb. Refinery utilisation increased by 60bps w/w to 94.9% of operable capacity (consensus -60bps w/w). In addition, net crude imports increased by 0.7Mb/d w/w, while production inched hig ...

Ukrainians services use a reconnaissance drone to look for Russian logistical facilities. Ukraine is increasingly targeting Russia’s oil refineries and export facilities with drones, taking the fight beyond the battlefield to strike at Moscow’s economy. Most Read from Bloomberg On Friday, Ukraine claimed to have struck facilities handling almost half of Russia’s seaborne crude exports. The attacks — part of a 200-plus drone raid centered on the Leningrad region bordering Finland and Estonia — came soon a ...

October WTI crude oil (CLV25) on Friday closed up +0.32 (+0.51%), and October RBOB gasoline (RBV25) closed up +0.0061 (+0.31%). Crude oil and gasoline prices settled higher on Friday on concerns that a decline in Russian oil exports will curb global oil supplies.  The US on Friday proposed that the Group of Seven allies impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to convince Russia to end the war in Ukraine.  Also, Ukrainian drone attacks have damaged ...

The S&P 500 and Nasdaq etched out another day of fresh highs, as inflation data from August came in line with most economists' expectations. Although headline CPI was elevated from July’s readings, hopes of the Federal Reserve cutting interest rates are still intact, with the market anticipating a 25 basis point rate cut, as opposed to a steeper half a percentage point cut. The consumer price index (CPI) rose 2.9% year over year in August compared to 2.7% in July. Month over month, CPI increased 0.4% compar ...

Inflation affects everything from grocery bills to rent, making the Consumer Price Index one of the most closely watched economic indicators. What does inflation mean at the micro level — specifically to your household? The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and assigns a relative size to each. The pie chart below illustrates the components of the Consumer Price Index for Urban Consumers, the CPI-U, which we'll refer to hereafter as the CPI. The BLS weighs these ...

October WTI crude oil (CLV25) today is down -1.10 (-1.73%), and October RBOB gasoline (RBV25) is down -0.0372 (-1.85%). Crude oil and gasoline prices are falling sharply today on concerns about a global crude supply glut after the IEA boosted its 2026 global oil surplus estimate.  Concerns that weakness in the US labor market will crimp economic growth and energy demand are weighing on crude prices after weekly jobless claims unexpectedly rose to a 3.75-year high.  Today's weaker dollar is limiting losses ...

October WTI crude oil (CLV25) on Wednesday closed up +1.04 (+1.66%), and October RBOB gasoline (RBV25) closed up +0.0155 (+0.78%). Crude oil and gasoline prices settled higher due to an escalation of geopolitical risks in Europe after Poland shot down drones that crossed into its territory during Russia's latest air strike on Ukraine, calling it an "act of aggression."  Crude prices rose on Wednesday despite a bearish EIA inventory report that showed weekly crude supplies unexpectedly expanded and gasolin ...