Europe inflat2026-09-30 14:46:49Hotter-than-expected September inflation across Europe cuts bets on an ECB October rate hikeA fresh rise in energy prices pushed inflation higher across Europe’s biggest economies in September, with data from Germany, France, Italy and Spain all coming in above expectations. Spain’s inflation rate reached 5%, its highest level since 2023, according to the news brief cited by ChainCatcher. Fuel costs were identified as the main driver behind the move. The report said the latest price pressure could lift overall eurozone inflation toward 4%. Markets had been looking for September inflation in the euro area at 3.7%. Even so, stronger-than-expected readings from several countries led investors to reduce their bets that the European Central Bank would raise interest rates in October. The move highlights a gap between the inflation surprise and shifting expectations around near-term ECB policy.80
Goldman Sachs2026-09-30 03:17:40Goldman Sachs says Gulf oil exports have returned to the 2025 averageGoldman Sachs estimates that oil exports from the Gulf, including what it described as covert shipments, have returned to the 2025 average after doubling in September. Saudi Arabia led the rebound, with export volumes rising above the country’s 2025 average, while Iran did not export crude by sea during September, according to the estimate. Analyst Eamonn Sheridan said the bank’s assessment adds weight to the market view that supply is recovering, a theme he linked to the sharp drop in oil prices seen yesterday. Goldman had already argued in a report published in late August that even if Middle East supply disruptions lasted longer, rising volumes of so-called dark shipping could cap gains in crude prices. The latest figures, Sheridan said, add support to that view. The same report also said that if supply disruptions persist, refined products and European natural gas may have more upside than crude, which aligns with the market’s current focus on diesel supply. The item was cited by BlockBeats and attributed to Jin10.320
White House2026-09-29 17:41:41White House urges EU to tap emergency diesel stockpiles to lower global pricesThe White House has urged the European Union to use its emergency diesel stockpiles in an effort to bring down global prices, according to ChainCatcher. The report says the Trump administration is studying several measures aimed at lowering fuel costs before the November midterm elections. Options under review include pressing foreign governments to release inventories and restricting U.S. diesel exports. The move reflects a broader push to ease fuel prices ahead of the election timeline cited in the report. No further details were provided on which countries could be asked to release supplies or how potential export limits would be structured.210
Saudi Arabia2026-09-22 09:57:16Sources say Saudi Arabia plans to resume crude exports from Yanbu later TuesdayBlockBeats reported on Sept. 22 that, according to sources, Saudi Arabia is preparing to resume crude oil exports from Yanbu later on Tuesday. The brief update did not provide details on export volumes, timing beyond later Tuesday, or any operational arrangements tied to the restart. The report was published as a 7x24 flash item.520
United States2026-09-21 00:54:04U.S. retail diesel price tops $6.50 a gallon for the first timeU.S. retail diesel prices have climbed above $6.50 a gallon for the first time, extending a war-driven rally that is spilling into multiple parts of the economy. Data from the American Automobile Association, or AAA, showed the national average for diesel reached $6.505 per gallon as of Saturday local time. That move came less than 10 days after diesel first crossed the $6 threshold. The pace of gains has accelerated in September. According to the report cited by BlockBeats, diesel prices have risen by more than 87 cents so far this month and have increased on nearly every day. The latest reading also stands well above the previous peak set in 2022. The item cited Jin10 as the source of the market update.370
Saudi Arabia2026-09-14 16:36:33Saudi Arabia Raises Oil Exports Through Strait of Hormuz, Seeks More SupplySaudi Arabia is looking to increase oil flows through the Strait of Hormuz after already raising shipments during the first 10 days of September, according to BlockBeats, citing people familiar with the matter. The sources said the kingdom lifted total exports to nearly 4 million barrels a day in early September, with about 1 million barrels a day moving through the Strait of Hormuz and the rest shipped from Yanbu on the Red Sea coast. That compares with roughly 3 million barrels a day in August, which Vortexa and Kpler shipping data showed was the lowest level in at least nine years. It remains unclear how quickly Saudi Aramco can raise Hormuz-bound exports, or by how much, to offset the impact of the pipeline outage. A shortage of tankers is also constraining shipments. Saudi Aramco declined to comment, while the Saudi energy ministry said it had nothing to add beyond a statement released last Friday. Two regional officials said the East-West pipeline would remain offline for weeks, although U.S. Energy Secretary Wright said he expects the line to return to service "soon."930
Oil2026-09-14 15:33:13Oil jumps more than 3% as Hormuz traffic falls to single digits over the weekendOil prices climbed sharply on Sept. 14, with both U.S. crude and Brent rising more than 3% to $99.189 a barrel and $104.36 a barrel, respectively. Reuters reported that daily vessel traffic through the Strait of Hormuz fell to single digits on each of the two weekend days, below the 10-day average of 14 ships a day. Vessel-tracking data dated Sept. 14 showed that four ships, including energy-carrying vessels, exited the strait during the two-day period, while 10 cargo ships entered. The figures did not include ships that passed through the Strait of Hormuz with their automatic identification systems switched off. Earlier, U.S. President Donald Trump said Ukraine had agreed to stop attacking Russian energy facilities and that Russia had agreed to do the same. He also said the recent rise in global diesel prices was mainly caused by the Russia-Ukraine war rather than the situation involving Iran.810
Goldman Sachs2026-08-31 08:55:49Goldman Sachs doubles up 2027 diesel refining margin outlook as global capacity stays tightGoldman Sachs has warned that pressure on global refining capacity is intensifying as conflict in the Middle East and the Russia-Ukraine war continue to disrupt operations, according to Bloomberg. In a new report, the bank raised its 2027 diesel refining margin forecast by more than 100%, arguing that repeated attacks on refineries in the Middle East and Russia have tightened an already constrained system and pushed product margins to fresh highs. Goldman now expects the average 2027 margin for producing a barrel of diesel from Brent crude to reach $63 in the United States and $49 in the European Union, up sharply from its February estimates of $27 and $19. The bank also said refinery outages worldwide are running about 60% above normal seasonal levels, while product inventories keep falling even as demand softens slightly. Goldman added that crude exports from the Persian Gulf may have recovered to 70% to 80% of pre-war levels, but refined product exports are only at 40%, highlighting a widening split between crude and diesel flows.330
