From Investing.com: 2025-05-14 02:05:00

Energy markets surged as ICE Brent crude rallied by nearly 2.6% on the threat of tougher sanctions on Iranian oil exports. The US Treasury sanctioned a network facilitating oil shipments to China, with President Trump hinting at further sanctions unless a nuclear deal is reached. Iranian oil exports may see a significant reduction, benefiting other OPEC+ members.

US crude oil inventories rose by 4.29m barrels, contrary to market expectations, with Cushing stocks falling. OPEC+ may continue with aggressive supply hikes, likely to be welcomed by Trump for lower oil prices. However, he must consider the impact on the US oil industry. EIA inventory report and OPEC’s market outlook release awaited.

UNICA reports a significant decline in sugarcane crush in Central-South Brazil, down 49.4% YoY. Cumulative sugar production is also lower, boosting sugar prices. Despite sugar trading at a premium to ethanol, sugar mix and production remain below previous levels. No.11 raw sugar settled 2.94% higher following the report.



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