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ECB Executive Board member Schnabel said that, given current conditions, further Rate hikes are needed to reach the ECB's 2% inflation target.

2026-06-24

ECB Executive Board member Schnabel said that, given current conditions, further Rate hikes are needed to reach the ECB's 2% inflation target.

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2026-06-25

Trade sources and shipping data from Kpler and LSEG show Middle East fuel oil exports are expected to rebound in June to about 2.4 mln tons (508k bpd), up more than 20% from May and the highest in four months. The rise follows Iraq and Saudi Arabia d

Trade sources and shipping data from Kpler and LSEG show Middle East fuel oil exports are expected to rebound in June to about 2.4 mln tons (508k bpd), up more than 20% from May and the highest in four months. The rise follows Iraq and Saudi Arabia diverting crude to other ports and expectations of resumed cargoes through the Strait of Hormuz; the extra supply could drive high-sulfur fuel oil prices sharply lower in Singapore and other hubs. Volumes remain well below pre-war monthly averages of roughly 5.5–6.0 mln tons. FGE NexantECA Middle East oil adviser Palash Jain said flows through the Strait of Hormuz are likely to increase over the next 60 days, but a material recovery is unlikely.
2026-06-25

ECB executive board member Schnabel said energy prices have eased but remain well above pre-war levels and are likely to stay elevated for years.

ECB executive board member Schnabel said energy prices have eased but remain well above pre-war levels and are likely to stay elevated for years.
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