Citi analysts predict volatile crude markets as conflicting economic signals drive rapid price fluctuations in the near term. Citi analysts anticipate significant volatility in oil prices as markets oscillate between demand optimism and recession fears. The bank highlights
The Cabinda oil refinery in Angola, the first that was built in the country since it gained independence from Portugal 50 years ago, has started shipping fuels to the domestic and international markets, in a relief to the fuel supply stress due to the Iran war. Prior to Ca
Brent crude holds near $100 as ongoing disruption removes 9–10 million barrels per day from global supply. A prolonged disruption in the Strait of Hormuz has removed 9–10 million barrels per day from global oil supply, sustaining upward pressure on prices. Brent cru
Limassol, Cyprus - May 2026, Geopolitical tensions and uncertainty across global energy markets drove a sharp increase in oil trading activity during the first quarter of 2026, according to the latest Market Recap from easyMarkets . While gold remained the platform’s most
The EU boosted its imports of Russian LNG from the Yamal LNG project to a record high in the first four months of 2026, just before the bloc started implementing a phased-out ban on imports of Russia’s LNG, bne IntelliNews reported on Thursday, citing a report by environmental...
Oil range signals more weakness ahead as gaps remain unfilled As you know, on crude oil, we have been tracking corrective price action since the spike to 119 at the beginning of March. Despite breaking below the trendline support around 95 back on April 8th, the market man
Oil pumping site deep in Russia may be ablaze A fire may have broken out at an oil pumping site in Russia. The site is located deep inside the country. No official statement has been released regarding the incident.
More social media speculation on Iran moving Oil markets EU mid-market update: Surprise hike by Norges bank; More social media speculation on Iran moving oil markets; UK govt being stress tested with local...
Front-month Brent Crude futures dropped to below $100 per barrel again in morning trade in Europe on Thursday, reversing earlier gains, as the market hopes the U.S. and Iran could be able to reach an agreement that would eventually reopen the Strait of Hormuz. Following a
Asia is facing plastics shortages because of the oil and gas supply crunch caused by the war in the Middle East, with medical supplies, packaging, and consumer products most vulnerable to a shock, the Financial Times has reported. The biggest problem for the world’s larges