Financial Wire

EMEA Oil Update: Prices Below $100 as Middle East Conflict Lingers

-- Crude oil futures attempted to stabilize below $100 threshold on Friday as significant physical supply constraints counteracted optimism surrounding the two-weeks ceasefire.

The front-month Murban crude contract dropped 1.7% at $97.97 per barrel. Brent futures contract eased 0.4% at $95.91/bbl.

"Crude prices try to [stabilize] below [$]100 following the sharpest weekly drop since last June yet remain underpinned by mixed signals surrounding the proposed peace plan, a roughly 600,000 b/d cut in Saudi production capacity, and the effective closure of the Strait of Hormuz since late February," Saxo Bank analysts said.

"Meanwhile, spot Brent transactions continue to clear at notable premiums to futures, underscoring mounting supply stress as refiners scramble to replace disrupted Middle East flows," they added.

An April 9-dated news article by the Saudi Press Agency citing the Energy Ministry referred to an attack "recently" on a pumping station on the East-West pipeline, which it said caused a loss of about 700,000 barrels in throughput.

It did not make mention of the origin of the attack but a source told Reuters on Wednesday that it came from Iran, damaging Saudi Arabia's main alternative route to export markets since the closure of the Strait of Hormuz.

Market analysts warned that the damage to infrastructure may cause long-term disruptions. Oil and gas output has already been scaled back, and refinery operations remain curtailed, meaning it could take weeks or months to fully reverse the supply shock.

Analysts from ING noted that while there was initial optimism regarding a resolution to the six-week conflict, geopolitical risk premiums remain high following new threats from Washington toward Tehran.

US President Donald Trump warned Iran on Thursday amid reports that Tehran has started charging transit fees on tankers navigating the Strait of Hormuz, as shipping through the key waterway remains largely restricted despite the ceasefire deal.

"There are reports that Iran is charging fees to tankers going through the Hormuz Strait," Trump said in a social media post on Truth Social, "They better not be and, if they are, they better stop now!"

According to TRM Labs Thursday note, Iran's new toll framework requires payments of up to $2 million per vessel payable in cryptocurrency or Chinese yuan generating an estimated $20 million in daily revenue for Tehran.

Further tightening the squeeze, the Tass news agency reported citing a senior Iranian source that Iran will limit transit to a maximum of 15 ships per day.

The source reportedly said that under the current ceasefire, "fewer than 15 ships per day" will be permitted to sail via the Strait of Hormuz, according to the report.

All eyes are now on the high-stakes talks between a US delegation and Iranian officials scheduled for this weekend.

相关文章

Asia

Downer EDI称麦格理集团成为重要股东

根据周五提交给新西兰证券交易所的文件,Downer EDI(澳交所代码:DOW,新西兰证券交易所代码:DOW)收到通知,麦格理集团(澳交所代码:MQG)及其关联公司已于周一成为该公司的重要股东。 文件显示,麦格理集团目前持有该公司3330万股股份,占已发行股份的5.04%。

$ASX:DOW$ASX:MQG$NZE:DOW
Research

研究快讯:美国铝业第一季度业绩不及预期,价格强劲抵消了销量下滑的影响

独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下: AA公司公布2026年第一季度调整后每股收益为1.40美元,低于去年同期的2.15美元,比市场预期低0.15美元;营收为31.9亿美元,同比下降5.2%(环比下降7%),低于预期2.3%。尽管受到中东冲突和纳雷尔飓风的影响,销量下滑,但由于铝价环比上涨12%至每吨4209美元,调整后EBITDA环比增长13%至5.95亿美元。我们认为,尽管受到外部干扰,AA公司的业绩依然具有积极意义,这得益于其对铝价的强劲运营杠杆作用以及4月份圣西普里安冶炼厂成功重启。管理层维持2026年全年氧化铝产量预期为970万至990万吨,铝产量预期为240万至260万吨。我们预计,第二季度铝业务的EBITDA将因库存调整和圣西普里安项目收益而增加约5500万美元,但部分将被氧化铝业务约1500万美元的不利因素以及232条款关税成本环比增加3500万美元所抵消。AA公司14亿美元的强劲现金储备和2.19亿美元的债务削减表明其资金配置稳健。

$AA
Asia

美国铝业公司公布第一季度调整后盈利和营收均下调;重申2026年业绩展望。

美国铝业公司(ASX:AAI)周五公布,第一季度调整后每股收益为1.40澳元,低于去年同期的2.15澳元。 FactSet调查的分析师此前预期每股收益为1.53澳元。 截至3月31日的第一季度,公司营收为31.9亿澳元,低于去年同期的33.7亿澳元。 FactSet调查的分析师此前预期营收为32.8亿澳元。 公司预计2026年氧化铝业务总产量和出货量将与此前预测保持一致,分别为970万至990万吨和1180万至1200万吨。 公司同时重申了2026年铝业务总产量和出货量的预期,分别为240万至260万吨和260万至280万吨。

$ASX:AAI