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16 Sep 2025

Oil holds steady – ING

Oil prices are trading almost flat this morning as the market has been caught between escalating geopolitical tensions and not particularly supportive fundamentals, ING's commodity experts Ewa Manthey and Warren Patterson note.

Oil loadings at Russia’s Primorsk Port have resumed

"The market participants are waiting for any further developments regarding the potential of further Western sanctions on Russian supplies against a looming supply surplus expectation. There are suggestions that the European Union is considering sanctions on companies in India and China that enable Russia’s oil trade as part of an upcoming package of fresh restrictions."

"Meanwhile, recent reports suggest that oil loadings at Russia’s Primorsk Port have resumed after Friday’s drone attacks on the facility by Ukraine."

Sep 16, 2025

AUD/USD: Unlikely to reach 0.6700 – UOB Group

Australian Dollar (AUD) is likely to continue to edge higher, but it is unlikely to reach 0.6700. In the longer run, the price action continues to suggest a higher AUD; the next level to watch is 0.6700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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Sep 16, 2025

ECB’s Scicluna: There is no cut already in a box and waiting to be unpacked

European Central Bank (ECB) policymaker and Central Bank of Malta Governor Edward Scicluna said on Tuesday, “there is no cut already in a box and waiting to be unpacked.”
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