APREX · EST. 2026
OPEC+ opens the taps again: Hormuz reopening pushes oil prices lower
OPEC+ has approved another production increase after the Strait of Hormuz reopened, significantly improving the outlook for global oil supply and pushing prices further down.
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Trump: Iran deal or war – commodity markets rattled
US President Donald Trump warns that either a nuclear deal with Iran will be reached or the US will 'finish the job' – a statement sending shockwaves through energy and commodity markets.
EU bought less American LNG – threatening the trade deal
Europe is turning its back on American liquefied natural gas because the price is too high. That is creating headaches for the US-EU trade deal that just entered into force.
The US's largest power grid orders emergency cuts to prevent blackouts
PJM Interconnection, which supplies 67 million Americans with electricity, has issued emergency load-reduction orders after explosive growth in data centers and crypto mining pushes the grid to its breaking point.
Electricity prices triple: Heatwave and data centers strangle America's largest power grid
PJM Interconnection, which supplies electricity to 67 million Americans, was pushed to the brink of a historic record this week as extreme heat and explosive data demand struck simultaneously.
Oil prices fall on progress in US-Iran negotiations
Crude oil prices retreated Wednesday following reports of progress in peace negotiations between the US and Iran, raising the prospect of more Iranian oil entering the global market.
Oil prices heading for historic quarterly drop — worst since 2020
Crude oil prices are little changed on Tuesday, but are on track for their steepest monthly and quarterly decline since the coronavirus crisis of 2020 — driven by concerns over weak global demand and rising OPEC+ production.
Strait of Hormuz tightens: Tanker traffic slows after US-Iran strikes
Shipping traffic through the Strait of Hormuz has fallen sharply after US forces carried out strikes against Iranian targets over the weekend. The situation is creating fresh uncertainty in global energy markets.
China sets its sights on Iranian oil after the war
Beijing is positioning itself as the dominant player in Iran's reconstruction and aims to secure long-term access to Iranian oil reserves – while Asian rivals wait on the sidelines and Europe is locked out.
Iraq threatens OPEC exit — EU flies to Baghdad
Iraq signals a possible withdrawal from OPEC unless the country is granted a higher production quota. Meanwhile, European officials are preparing high-level talks in Baghdad on energy cooperation.
UN halts evacuation operations in Hormuz following attack on vessel
The UN has suspended evacuation operations for ships in the Strait of Hormuz after a vessel came under fire. The incident worsens an already tense situation in one of the world's most critical oil corridors.
Oil below $70: One of the most confusing market moves ever
Despite the largest disruption in oil market history — the closure of the Strait of Hormuz — WTI is now trading below $70 a barrel. Market analysts are baffled.
IMO evacuates hundreds of vessels from Hormuz — floating mines block normal passage
The UN's maritime organization IMO has begun individual contact with hundreds of vessels stranded in the Gulf, but Oman warns that the ordinary shipping lanes remain too dangerous to use.
AI's energy hunger: How data centers are devouring the world
Artificial intelligence is becoming one of the world's largest energy consumers. According to the IEA, global data center consumption could exceed 1,700 TWh by 2035 — and part of the bill is being paid in oil.
G7 declares war on China's grip on critical minerals
G7 leaders have forged a strategic minerals alliance to break China's dominance over the raw materials that are essential to defense, the automotive industry, and green energy.
US and Iran to Meet in Switzerland: Could Nuclear Talks Reshape the Oil Market?
The US and Iran are scheduled to begin new negotiations in Switzerland on Sunday, according to Pakistan. A potential deal could open the door to Iranian oil on the world market and alter the current risk landscape.
Iran deal drives mortgage rates lower and moves markets
A preliminary peace agreement between the US and Iran has contributed to falling mortgage rates in the United States this week, as geopolitical risk reduction sends signals across global financial markets.
Hormuz traffic grinds to a halt: Iran negotiations collapse
Tanker traffic through the Strait of Hormuz has nearly ceased after US-Iran negotiations fell apart before they even got off the ground. Trump is threatening 60 days of maximum pressure.
Peace deal could unlock $60 billion in oil revenues for Iran
A potential peace deal could open the door for Iran to sell oil on the world market again, generating more than $60 billion annually — but experts warn the impact on global energy markets may be limited.
Europe's nuclear renaissance: AI giants fire up the reactors
Artificial intelligence and data centres are driving a historic nuclear power boom in Europe. Tech companies are committing hundreds of billions, but the waste problem remains unsolved.
The Hormuz Shock: Oil and Energy Markets Could Struggle for Years
The closure of the Strait of Hormuz has sent shockwaves through global energy markets. According to the Financial Times, it could take months — or years — before oil and gas production and logistics return to normal.
US and Iran reach ceasefire – crypto and sanctions on G7 agenda
The US and Iran have agreed to a ceasefire just ahead of the G7 summit. Iran's use of cryptocurrency to evade sanctions is expected to be a central topic among the world's leading industrialized nations.
Iran Deal: Hormuz Opens in 30 Days – Oil Price Under Pressure
A draft framework agreement with 14 articles is announced by Iranian state media: the Strait of Hormuz to open within 30 days, oil sanctions suspended, and $24 billion in frozen assets released – but Iran's missile program is kept off the negotiating table.
SpaceX goes public and oil prices fall – Gulf peace hopes rattle markets
SpaceX made its Nasdaq debut on Thursday with a valuation of $1.75 trillion, while oil prices dropped on hopes of a Gulf peace deal. Markets rose despite a broader risk-off mood.
UK sets deadline: Russian-based fuel banned from 2027
British authorities have set 1 January 2027 as the final deadline to close a controversial loophole in Russia sanctions – the import of diesel and jet fuel refined from Russian crude oil in third countries.
Trump: Iran peace deal could be signed within days
US President Donald Trump claims that a large-scale peace agreement with Iran could be signed as early as this weekend – likely in Europe. Such a deal could push oil prices lower and fundamentally alter Iran's role in the global crypto market.
Iran conflict escalates: Brent crude above $92 and Asian markets split
Geopolitical turmoil in the Middle East is pushing oil prices to $92 a barrel, while Asian equity markets move in different directions and US futures attempt a tentative recovery.
OPEC Oil Production at Lowest Level Since 2000
A US blockade against Iran is pushing OPEC's total oil production to its lowest level since at least the year 2000, according to a new Reuters survey. Markets are firmly in risk-off territory.
US bombs Iran — Bitcoin plunges below $62,000
The United States carried out strikes against Iran in the early hours of Tuesday after an American military helicopter was shot down near the Strait of Hormuz. Bitcoin immediately fell to $61,700.
Iran Attacks Israel with Missile Barrages – Oil Prices Surge
Iranian missile strikes against Israel sent crude oil prices sharply higher on Monday, as investors sought safe havens in a market gripped by escalating tensions in the Middle East.
Crude oil inventories fall twice as much as expected — WTI near $95
U.S. crude oil inventories fell nearly 8 million barrels last week — far exceeding analysts' estimate of just over 4 million. WTI crude is approaching $95 per barrel.
Vitol warns: Oil market is underpricing Iran risk
Energy trading giant Vitol believes the oil price does not reflect the real risk associated with the conflict with Iran. Analysts fear the market is asleep at the wheel.
Iran's president steps down: IRGC ran the country — oil prices rise
Iranian President Masoud Pezeshkian has reportedly resigned, accusing the Revolutionary Guard of having seized all decision-making power. The report, so far sourced only from social media, is pushing oil prices higher and torpedoing the fragile nuclear negotiations.
Uniper warns: Germany could face gas shortage this winter
Energy giant Uniper raises the alarm about dangerously low gas storage levels in Germany and demands that authorities introduce incentives to accelerate the filling rate before winter sets in.
New US Attacks on Iran Send Asian Markets Down
Fresh US military strikes against Iran abruptly halted Wall Street's record streak and sent Asian markets into the red on Wednesday. Meanwhile, investors eagerly await new US inflation figures.
Oil Price Plunges 6% After Breakthrough in Iran Negotiations
Brent crude fell below $100 a barrel for the first time in three weeks after President Trump signaled progress in diplomatic talks with Iran. Lower oil prices could curb inflation and give central banks more room to maneuver.
Equinor warns: Europe cannot withstand three more months of Hormuz crisis
European gas reserves are critically low after a harsh winter, and Equinor leaders are now warning that further disruptions in the Strait of Hormuz could plunge the continent into a severe energy crisis before winter sets in.
Hormuz Crisis Escalates: Insurance Premiums Up 20x and 95% Traffic Drop as US and Iran Openly Fight for Control of the Strait
The US confirms Apache helicopters sank six Iranian boats in the Strait of Hormuz. Insurance premiums for transit have skyrocketed from 0.25% to 5% of vessel value — an increase of over 1,000% — while 150 vessels anchor or reroute. The RISK_OFF regime is in full effect.
Kinross Gold knuser marginestimatene — rekordoverskudd på $3 476/oz for fjerde kvartal på rad
Kinross Gold rapporterer rekordkontantgenerering for fjerde kvartal på rad, med marginer på $3 476 per gullequivalent-unse — en økning på 92% fra samme periode i fjor. Gullets sterke prisutvikling fungerer som medvind, men risiko-off-stemningen i markedet holder investorer på vakt.
Glencore sprenger kobber-estimater: Q1-produksjon opp 19% til 199 600 tonn
Glencore leverte 199 600 metriske tonn kobber i første kvartal — en oppgang på 19% fra samme periode i fjor. Det skjer i et marked preget av risk-off-stemning, svak etterspørselsvekst fra Kina og et Bitcoin-marked som handler på $78 340 med Fear & Greed på 26.