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☆ Oil set for first weekly drop in three as Mideast situation holds
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +2 min

In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August 28, 2023 in Sealy, Texas. Oil prices rose on Friday, regaining ground after tumbling more than $2 a barrel in the previous session as concerns of a wider Middle East conflict eased while the United States, the world's biggest oil consumer, showed signs of weakening demand. Both contracts are on track to post their first weekly drop in three weeks as the geopolitical premium built on fears that the Israel-Gaza conflict could involve more countries in the Middle East and disrupt oil supply has eased. Israeli forces carried out their biggest Gaza ground attack in their 20-day-old war with Hamas overnight, angering the Arab world. Prices could jump 20% in the less likely scenario of an interruption of trade through the Strait of Hormuz where 17% of global oil production transit, they said in a note.

Persons: Kelvin Yew, Benjamin Netanyahu, Helima Croft, Goldman Sachs, Brent Organizations: Enterprise, Brent, West Texas, Ocean, Investments, RBC Capital Locations: Sealy , Texas, United States, Israel, Gaza, Hormuz, Saudi Arabia, Russia

SINGAPORE, Oct 27 (Reuters) - Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria raised concerns of a widening of the Israel-Hamas conflict that could impact supply from the key Middle East producing region. Though the strike did not directly impact supply, it increases fears that the conflict in the Gaza Strip between Israel, backed by the U.S., and Hamas may spread and disrupt supply from major crude producer Iran, which backs Hamas. A wider war could also impact shipments from Saudi Arabia, the world's largest oil exporter, and other large producers in the Gulf. Both Brent and WTI are on track to post their first weekly drop in three weeks as the geopolitical premium built on these fears has ebbed as there has been no disruption of oil supply outside of the immediate region of the fighting. Israeli forces carried out their biggest Gaza ground attack in their 20-day-old war with Hamas overnight, angering the Arab world.

Persons: Brent, WTI, Kelvin Yew, Benjamin Netanyahu, Helima Croft, Goldman Sachs, Florence Tan, Sam Holmes, Christian Organizations: U.S, Brent, U.S . West Texas Intermediate, Islamic Revolutionary Guard Corps, Pentagon, Ocean, Investments, RBC Capital, Thomson Locations: SINGAPORE, Syria, Israel, U.S, Iraq, Gaza, Iran, Saudi Arabia, United States, Hormuz, Russia

U.S. President Joe Biden's administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic's backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets. Her comments come ahead of a widely expected ground offensive by Israel into Gaza, a move that Croft believes could set the tone for the West's response to Iran. It has been more than two weeks since Israel announced a "complete siege" on the Gaza Strip, cutting off food, water, fuel and electricity supplies after a devastating Hamas attack. "It certainly looks like the United States is trying to delay an Israeli ground operation because they want to get out the hostages, they want to get out the hundreds of Americans that are trapped in Gaza, but the question is, is this going to be postponed indefinitely, but I think people are bracing for some type of escalation in Gaza," Croft told CNBC's Dan Murphy in Saudi Arabia on Wednesday. She described the oil price reaction to the Israel-Hamas war as "sanguine" so far, but nevertheless said "a lot's going to hinge on what does a potential ground operation look like" and that a widening of the conflict into the broader Middle Eastern region could affect the crude supplies of Iran.

Persons: Joe Biden's, Helima Croft, Croft, CNBC's Dan Murphy Organizations: OPEC, Hamas, RBC Capital Markets, Israel Locations: Iran, Israel, Gaza, United States, Saudi Arabia

☆ The Biden administration is desperate to contain the Israel-Hamas war, strategist says
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Biden administration is desperate to contain the Israel-Hamas war, strategist saysHelima Croft of RBC Capital Markets says it "clearly [doesn't] want it spilling out beyond Gaza."

Persons: Biden, Helima Croft Organizations: RBC Capital Markets Locations: Israel, Gaza

☆ Saudi Arabia could play important role in finding off-ramp to Israel-Hamas crisis, says Helima Croft
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia could play important role in finding off-ramp to Israel-Hamas crisis, says Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the mood from the FII Institute Conference, if there's been much talk about the Saudi Arabia-Israel relationship, and the companies who see business opportunities in the Middle East.

Persons: Helima Croft Helima Croft, there's Organizations: Saudi, RBC Capital Markets, FII Institute Conference Locations: Saudi Arabia, Israel

Unlike Russia, one of the world's top oil and gas producers, Israel has very modest energy production. But there is a risk the war could spread to major energy producers in the Middle East and affect oil and gas flows. Second, a deal being brokered by Washington to normalise relations between Saudi Arabia and Israel, which could see the kingdom increase oil output, could be derailed. Saudi Arabia told the White House it is willing to boost oil production early next year to help secure the deal, the Wall Street Journal reported last week. Russian Deputy Prime Minister Alexander Novak added on Thursday that current oil prices factored in the conflict and reflected the market's belief that risks posed by the clashes were not that high.

Persons: Dado Ruvic, Brent, David Goldwyn, Rob Thummel, Janet Yellen, Iranian Oil Minister Javad Owji, Joe Biden, Helima Croft, Biden, Ben Cahill, Prince Abdulaziz, Alexander Novak, Vladimir Putin, Natalie Grover, Ahmad Ghaddar, Alex Lawler, Laura Sanicola, Kirsten Donovan, Cynthia Osterman Organizations: REUTERS, Hamas, U.S . State Department, Tortoise, Iran, U.S, Treasury, Iranian Oil Minister, RBC Capital Markets, Macquarie, SAUDI, Israel, Wall Street, Washington, Strategic, International Studies, Saudi Arabia's Energy, CNBC, OPEC, Organization of, Petroleum, Thomson Locations: Israel, Ukraine, Russia, U.S, Iran, Hormuz, Washington, Saudi Arabia, Strait, Riyadh, Moscow, United States, Tehran, Washington . Saudi Arabia, Saudi, OPEC, London, New York

☆ Oil market is watching what happens in Israel very closely, says RBC's Helima Croft
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil market is watching what happens in Israel very closely, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk on the Street' to discuss whether her views on the trajectory of oil prices have changed, if Iran's involvement in the Israel-Hamas conflict matters for oil prices, and more.

Persons: RBC's Helima Croft Helima Croft Organizations: Email, RBC Capital Markets Locations: Israel

☆ What Middle East Turmoil Means for Markets
▼ + stars: | 2023-10-12 | by ( Tyler Mathisen | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Middle East Turmoil Means for MarketsWith the current crisis in Israel casting a shadow over talks to normalize relations between Israel and Saudi Arabia, and threatening to spark a wider conflagration across the Middle East, the full impact on global markets has yet to be felt. Helima Croft, Managing Director and Global Head of Commodity Strategy, Global Research, RBC Capital Markets speaks about their latest research and some possible outcomes.

Persons: Helima Croft Organizations: Global, Commodity Strategy, Global Research, RBC Capital Markets Locations: Israel, Saudi Arabia

☆ Two ways Israel-Hamas war could lead to much higher oil prices
▼ + stars: | 2023-10-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The escalating conflict between Israel and Hamas threatens to push oil prices higher by straining relations between major oil-producing countries in the Middle East, according to Wall Street experts. Oil prices rose Monday after the weekend attacks, though they remain below recent highs from two weeks ago. Saudi Arabia One key player on the sidelines of the war is Saudi Arabia. Iran The other major oil producer tied into the conflict is Iran, the chief backer of Hamas. Bank of America's Doug Leggate said in a note to clients that the United States could release oil from its strategic petroleum reserve if prices spike.

Persons: Goldman Sachs, Daan Struyven, Struyven, Helima Croft, Antony Blinken, Goldman's Struyven, Ed Morse, East . Bank of America's Doug Leggate, Leggate, — CNBC's Michael Bloom Organizations: Texas, Wall Street, Israel, Saudi, RBC Capital Markets, Hamas, East . Bank of America's Locations: Israel, Gaza, East, Saudi Arabia, Saudi, Iran, U.S, Lebanon, United States

☆ Watch CNBC's full interview with RBC's Helima Croft and Rapidan Energy's Bob McNally
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with RBC's Helima Croft and Rapidan Energy's Bob McNallyHelima Croft, RBC Capital Markets global head of commodity strategy, and Bob McNally, Rapidan Energy Group founder and president, join 'The Exchange' to discuss the impact warfare in Gaza has on energy markets, normalization talks with Saudi Arabia strained over the Israel-Hamas conflict, and the potential for Biden to tighten Iranian oil supplies entering the United States.

Persons: RBC's Helima Croft, Rapidan, Bob McNally Helima Croft, Bob McNally, Biden Organizations: RBC Capital Markets, Rapidan Energy Group Locations: Gaza, Saudi Arabia, Israel, United States

☆ Everyone's watching Iran's involvement in oil markets in the Israel-Hamas conflict, says RBC's Croft
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEveryone's watching Iran's involvement in oil markets in the Israel-Hamas conflict, says RBC's CroftHelima Croft, RBC Capital Markets head of commodity strategy, joins 'Squawk on the Street' to discuss what needs to happen to make sure there isn't more destabilization in the global oil market, what a war with Iran could do to global oil prices, and much more.

Persons: RBC's Croft Helima Croft Organizations: RBC Capital Markets Locations: Israel, Iran

☆ The biggest headwind for oil is concerns about rate hikes, says RBC's Helima Croft
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe biggest headwind for oil is concerns about rate hikes, says RBC's Helima CroftHelima Croft, Global Head of Commodity Strategy at RBC Capital Markets, discusses the key drivers for the oil markets.

Persons: RBC's Helima Croft Helima Croft Organizations: Global, RBC Capital Markets

☆ It's not clear where the White House goes next to alleviate oil prices, says RBC's Helima Croft
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's not clear where the White House goes next to alleviate oil prices, says RBC's Helima CroftHelima Croft, RBC, joins 'Fast Money' to talk oil prices as WTI crude hits its highest level since August 2022.

Persons: White, RBC's Helima Croft Helima Croft Organizations: RBC

☆ There's momentum to get oil to $100 per barrel, beyond that 'we'll have to see': RBC's Helima Croft
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's momentum to get oil to $100 per barrel, beyond that 'we'll have to see': RBC's Helima CroftHelima Croft, RBC Global Head of Commodity Strategy, joins 'Closing Bell Overtime' to talk rising oil prices, the impact of $100 oil prices, how global politics play a role and more.

Persons: Helima Croft Helima Croft Organizations: RBC Global, Commodity

☆ OPEC would like the focus to be on reducing emissions, not oil investment, says RBC's Helima Croft
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC would like the focus to be on reducing emissions, not oil investment, says RBC's Helima CroftHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: RBC's Helima Croft, Brian Sullivan, “ Organizations: CNBC

☆ Macro improvement in China could be tailwind for oil prices in H2, says RBC's Helima Croft
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacro improvement in China could be tailwind for oil prices in H2, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk on the Street' to discuss the more powerful dynamic for oil markets, the Saudis discipline with production cuts, and more.

Persons: RBC's Helima Croft Helima Croft Organizations: RBC Capital Markets Locations: China

☆ U.S. is going to do what they can to get every Iranian barrel on the market: RBC's Helima Croft
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. is going to do what they can to get every Iranian barrel on the market: RBC's Helima CroftHelima Croft, RBC Capital Markets, joins 'Fast Money' to talk crude oil prices, gas prices climbing and what could help or hurt supply moving forward.

Persons: Helima Croft Helima Croft Organizations: RBC Capital Markets

☆ RBC's Helima Croft on the outlook for oil prices and global energy demand
▼ + stars: | 2023-08-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Helima Croft on the outlook for oil prices and global energy demandHelima Croft, Global Head of Commodity Strategy at RBC Capital Markets, discusses the key drivers of current oil prices.

Persons: Helima Croft Organizations: Global, RBC Capital Markets

☆ Saudi Arabia has shown its resolve to stabilize the oil market, investment bank says
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia has shown its resolve to stabilize the oil market, investment bank saysHelima Croft of RBC Capital Markets discusses Saudi Arabia's decision to extend an oil production cut of 1 million barrels a day for at least another month.

Persons: Helima Croft Organizations: Saudi, RBC Capital Markets Locations: Saudi Arabia

☆ Interest rate hikes is one of the 'biggest headwinds' for oil, says RBC's Helima Croft
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rate hikes is one of the 'biggest headwinds' for oil, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the latest oil market trends, oil production cuts, and more.

Persons: RBC's Helima Croft Helima Croft Organizations: RBC Capital Markets

☆ RBC's Helima Croft breaks down what oil supply cuts mean for crude oil for second half of the year
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Helima Croft breaks down what oil supply cuts mean for crude oil for second half of the yearHelima Croft, RBC Capital Markets head of commodity strategy, joins 'Closing Bell Overtime' to discuss Saudi Arabia and Russia announcing oil supply cuts for August.

Persons: Helima Croft Organizations: RBC Capital Markets Locations: Saudi Arabia, Russia

☆ The oil market is very chill about the chaos in Russia. Should it be?
▼ + stars: | 2023-06-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Oil prices are, incredibly, lower today than they were before the short-lived uprising in Russia — one of the world’s most important players in the oil market. But some oil market veterans wonder if the pendulum has now swung too far in the other direction. An actual disruption to Russia’s oil flows would be a game-changer for the oil market, and perhaps the world economy. That country’s civil war shut down oil export terminals — and even though Libya’s output is much smaller than that of Russia, oil prices shot higher. For now, the oil market is betting there won’t be a repeat of the Libya unrest in Russia.

Persons: Wagner, Russia won’t, Vladimir Putin’s, Jerome Powell, Powell, Putin, ” Helima Croft, ”, Croft, Yevgeny Prigozhin, Bob McNally, George W, Bush, ” McNally, Prigozhin, “, ” Croft, Obama Organizations: New York CNN Business, CIA, RBC Capital Markets, CNN, Rapidan Energy Group, RBC, Strategic Petroleum Reserve Locations: Russia, Ukraine, Moscow, China, Libya

U.S. West Texas Intermediate crude (WTI) was up 44 cents, or 0.6%, at $69.44. However, the challenge has raised questions about President Vladimir Putin's grip on power and concerns about possible disruption of Russian oil supply. Consultancy Rystad Energy said in a note late on Sunday that it did not expect to see a significant increase in oil prices as a result of the "short-lived event". Goldman Sachs analysts said markets could price a moderately higher probability of domestic volatility in Russia leading to supply disruptions. "China's economic growth has been a nightmare for commodity markets, particularly in oil and industrial metals," CMC Markets analyst Tina Teng said in a note.

Persons: Brent, Wagner, Vladimir Putin's, Rystad, Helima Croft, Putin, Goldman Sachs, Tina Teng, Florence Tan, Jamie Freed, David Goodman Organizations: SINGAPORE, . West Texas, Consultancy Rystad Energy, RBC Capital Markets, White, U.S . Federal, CMC, Thomson Locations: Moscow, Russian, Russia, Rostov, U.S

☆ Two global experts on how tensions in Russia are impacting the markets
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo global experts on how tensions in Russia are impacting the marketsHelima Croft, Head of Global Commodity Strategy at RBC Capital Markets, and Tina Fordham, Founder of Fordham Global Foresight, discuss how ongoing tensions in Russia are impacting the global markets.

Persons: Helima, Tina Fordham Organizations: Global, Strategy, RBC Capital Markets, Fordham Global Foresight Locations: Russia, Helima Croft

☆ Oil climbs on concerns Russia political issues may impact supply
▼ + stars: | 2023-06-25 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

SINGAPORE, June 26 (Reuters) - Oil prices rose in early Asian trade on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers. Brent crude futures rose 95 cents, or 1.3%, to $74.80 a barrel by 2300 GMT on Sunday. However, the challenge has raised questions about President Vladimir Putin's grip on power and concerns about possible disruption of Russian oil supply. Goldman Sachs analysts said markets may price a moderately higher probability that domestic volatility in Russia leads to supply disruptions or has a sizable negative impact on oil supply in the future. "China's economic growth has been a nightmare for commodity markets, particularly in oil and industrial metals," CMC Markets analyst Tina Teng said in a note.

Persons: Brent, Wagner, Vladimir Putin's, Helima Croft, Putin, Goldman Sachs, WTI, Tina Teng, Florence Tan, Jamie Freed Organizations: . West Texas, RBC Capital Markets, White, U.S . Federal, CMC, Thomson Locations: SINGAPORE, Russia, ., Moscow, Russian, Rostov

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