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$37.88
+0.84 (+2.27%)
At Close: Jun 03, 2026
Crude Oil Price Analysis – Oil Continues to See Range Form
09:18am, Thursday, 21'st May 2026
Crude oil rallies slightly in the early part of the session on Thursday, as the back and forth is a feature of this market, not a “bug.”
Oil prices jump more than 2% after Iran supreme leader says uranium must remain in country
08:45am, Thursday, 21'st May 2026
Two senior Iranian sources told Reuters that Ayatollah Mojtaba Khamenei issued a directive that the enriched uranium must remain in the Islamic Republic. Oil prices traded higher in the wake of the re
Coastal Africa Group targets AIM listing to pursue West African oil and gas acquisitions
07:40am, Thursday, 21'st May 2026
Coastal Africa Group, a newly incorporated company focused on oil and gas acquisitions across West Africa, has announced its intention to float on AIM in early June. The company will list as an invest
Oil markets could enter ‘red zone' by July as stocks dwindle ahead of summer travel season, IEA chief says
07:39am, Thursday, 21'st May 2026
IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is a full and unconditional reopening of the strategically vital Strait of Hormuz.
Oil market could hit 'red zone' in July-August, IEA chief says
07:35am, Thursday, 21'st May 2026
The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and depleting stocks could push the oil market into the "red zone" in July-Augu
No full Hormuz flows until first half of 2027, UAE's oil giant says
06:40am, Thursday, 21'st May 2026
Full oil flows through the Strait of Hormuz will not return before the first or second quarter of 2027, even if the Middle East conflict ended now, the head of the United Arab Emirates' state oi
As Iran war drags on, this is how quickly global oil stocks are being depleted — and travel season is starting soon
05:39am, Thursday, 21'st May 2026
Physical supplies of oil through the Strait of Hormuz are 95% below regular levels.
Why Oil Prices Are Staying Around $100 a Barrel
05:38am, Thursday, 21'st May 2026
President Donald Trump said Iran negotiations were in their "final stages."
Indonesian export shake-up hands investors a buying opportunity in London-listed palm oil producers
04:41am, Thursday, 21'st May 2026
A sell-off in London-listed palm oil producers triggered by an opaque Indonesian government announcement on export controls looks increasingly like an overreaction, with both REA Holdings and M.P. Eva
Natural Gas and Oil Forecast: WTI Drops to $98.85 as Brent Tests $105 — NatGas Breakout Confirmed?
04:33am, Thursday, 21'st May 2026
Oil and Natural Gas trade calmly as the Middle East truce holds firm. WTI suffers channel breakdown to $98.85, Brent tests lower support, and Natural Gas rebounds strongly toward $3.15 on positive RSI
Malaysian palm oil groups worried Indonesian export revamp could cause short-term disruption
03:36am, Thursday, 21'st May 2026
The Malaysian palm oil industry is concerned that Indonesia's plan to centralise exports of key commodities, including palm oil, could temporarily disrupt export flows and weigh on market sentiment
Oil Price Forecast: WTI and Brent Set Up for the Next Breakout
12:56am, Thursday, 21'st May 2026
Oil prices rebound as Hormuz supply risks, falling U.S. inventories and bullish technical patterns keep WTI and Brent supported despite short-term corrections.
Saudi Arabia to burn more oil for power this summer as gas output falls
11:04pm, Wednesday, 20'th May 2026
Saudi Arabia is expected to burn more imported fuel oil for power generation this summer following a loss of natural gas supply from oilfields that have been shut after the Iran war curbed its oil
Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns
09:03pm, Wednesday, 20'th May 2026
Oil prices rebounded on Thursday after two days of losses on outstanding supply concerns because of the uncertain outlook for an end to the Iran war and a U.S. inventory draw raised worries about t
Oil Futures Rise on Likely Technical Recovery
08:19pm, Wednesday, 20'th May 2026
Oil futures rose in early Asian trade on a likely technical recovery after the futures posted back-to-back losses overnight.
