MUFG’s Michael Wan notes United Arab Emirates' (UAE) surprise decision to leave OPEC/OPEC+ from 1 May, driven by dissatisfaction with quotas and significant spare capacity. MUFG’s Michael Wan notes United Arab Emirates' (UAE) surprise decision to leave OPEC/OPEC+ from 1 Ma
China’s imports of liquefied natural gas this month are expected to be the lowest since 2018, based on data from Kpler, Bloomberg has reported, citing soaring prices. China’s imports of liquefied natural gas this month are expected to be the lowest since 2018, based on dat
UAE exit from OPEC a shrug Today but a "Pumpathon" in waiting The market is staring at a headline that looks seismic on paper but trades like a rounding error in real time. UAE exit from OPEC a shrug Today but a "Pumpathon" in waiting The market is staring at a headline th
Oil: UAE exit reshapes supply outlook – Commerzbank Commerzbank’s Dr. Oil: UAE exit reshapes supply outlook – Commerzbank Commerzbank’s Dr. Henry Hao and Charlie Lay note Brent and WTI extended gains as the United Arab Emirates announced it will leave OPEC (Organization of
Oil market update: Oil prices holding near recent highs Crude is trading the mechanics of movement, not the theatre around it. Oil market update: Oil prices holding near recent highs Crude is trading the mechanics of movement, not the theatre around it. The market has shif
Oil up markets slip as narratives crack Asia walks in under a cloud of doubt after a tech-led slide on Wall Street knocked the wind out of risk appetite, with the aftertaste of that move still lingering as traders size up what comes... Oil up markets slip as narratives cra
WTI hovers around $97.00 following reports of US to extend Iran blockade West Texas Intermediate (WTI) oil price remains in the negative territory after experiencing volatility, trading around $97.00 per barrel during the Asian hours on... WTI hovers around $97.00 followin
Brent rose for an eighth day to above $111 and WTI topped $100 on reports Trump will extend the Iran port blockade. Brent rose for an eighth day to above $111 and WTI topped $100 on reports Trump will extend the Iran port blockade. The dollar firmed. Earlier, US cru
Peru's state oil company says fuel output could stop without $2 billion in loans Reuters Peru's state oil company says fuel output could stop without $2 billion in loans Reuters
The Middle East’s oil production and the global economy will take months and even years to recover from the worst crude supply shock in history. The Middle East’s oil production and the global economy will take months and even years to recover from the worst crude supply s