Oil market update

Brent crude is slightly lower, although the apparent $7-a-barrel fall largely reflects the switch from December to January contracts. Reports that Donald Trump still favours diplomacy with Iran may be easing prices, but the risk of escalation after the US midterm elections remains. Please note: this podcast is provided for…

Brent crude reached $117.50 a barrel last week as renewed attacks on shipping in the Strait of Hormuz heightened supply concerns. Physical market tightness, rather than speculative buying, appears to be driving prices, while options signal concern about further near-term increases. Please note: this podcast is provided for information purposes…

Trump’s efforts to lower diesel prices have had little lasting impact, with New York futures near $200 a barrel. Brent crude touched $110 as attacks on shipping in the Strait of Hormuz and regional tensions intensified. Please note: this podcast is provided for information purposes only and should not be…

Trump’s announced deal to import Russian diesel offers limited relief, with the proposed 3.7 million barrels small relative to global demand and delivery uncertain amid damage to Russian refineries. Please note: this podcast is provided for information purposes only and should not be construed as an offer, or a solicitation…

The G7’s 100 million barrel reserve release could ease diesel costs for UK businesses and motorists, following Trump’s confirmation that US diesel exports will continue. However, uncertainty over diesel volumes means relief may be temporary. Please note: this podcast is provided for information purposes only and should not be construed…