Solid 20Y Auction Stops Through With Above Average Foreign Demand

The US has proposed holding talks with Iran that would be led by Vice President JD Vance and Iran’s parliament speaker, Mohammad Bagher Ghalibaf, with Turkey acting as the mediator, Al-Monitor reported on Monday, citing a Turkish source. The report said that so far, there’s been no response from Iran, and Ghalibaf called reports from […]

World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility By Michael Kern of OilPrice.com Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top executive of oil trader Gunvor has told the Financial Times. “It is a little bit of a more challenging, softer period that we need to be careful of,” Gary Pedersen, chairman and CEO of Gunvor Group, told FT in an interview published on Monday. “Frankly, it could...