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At Close: Jun 03, 2026
Why United Arab Emirates Has Unshackled Its Oil Production From OPEC
01:55pm, Wednesday, 29'th Apr 2026
The United Arab Emirates - one of the world's leading producers of crude oil - has decided to quit the Organization of Petroleum Exporting Countries.
OPEC+ set to agree another oil output hike without UAE, sources say
01:39pm, Wednesday, 29'th Apr 2026
Seven members of OPEC+ are likely to agree another increase in oil output targets when they meet on Sunday, three sources with knowledge of discussions told Reuters, lowering the size of the
Fed expected to hold as soaring oil prices keep rate cuts off the table
11:58am, Wednesday, 29'th Apr 2026
With oil flirting near $120 a barrel and inflation refusing to cool, the Federal Reserve is expected to do the only thing it can on Wednesday: nothing. The decision would also mark what is likely Jero
U.S. Crude Oil Stockpiles Fall on Record Weekly Exports
11:16am, Wednesday, 29'th Apr 2026
Commercial crude oil stocks fell by 6.2 million barrels, and were about 1% above the five-year average for the time of year, the EIA said. Crude inventories were seen down by 100,000 barrels in a surv
US crude oil exports rose last week to record high, EIA says
11:11am, Wednesday, 29'th Apr 2026
U.S. crude oil exports rose to 6.438 million barrels per day last week, the highest on record, data from the Energy Information Administration showed on Wednesday.
Russian oil exports steady in April despite attacks, may rise in May, sources say
08:43am, Wednesday, 29'th Apr 2026
Russia has managed to keep crude oil loadings at its key western ports in April at March levels despite ongoing drone attacks, and May could see even an increase, according to trade and industry �
The key global oil contract tops $115 as Strait of Hormuz impasse continues
07:44am, Wednesday, 29'th Apr 2026
Oil futures rallied further Wednesday, with the key contract nearing its highs reached in the early days of the Iran war with little progress made on getting oil tankers through the Strait of Hormuz.
Trump meets with oil executives as Iran stalemate drags on, Axios reports
05:40am, Wednesday, 29'th Apr 2026
U.S. President Donald Trump and his top officials met with oil and gas executives including Chevron CEO Mike Wirth at the White House on Tuesday to discuss the energy fallout of the
Spot crude premiums ease from record highs despite Hormuz closure
05:36am, Wednesday, 29'th Apr 2026
Spot premiums for physical crude have slipped from record highs reached earlier during the Iran war as refiners are drawing on inventories and cutting back processing to cope with lost Middle East
Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $115 per barrel
05:29am, Wednesday, 29'th Apr 2026
Oil prices rose on Wednesday amid fears about prolonged shipping disruption through the strategically vital Strait of Hormuz. Brent crude futures briefly topped $115 per barrel, while WTI futures clim
Russia says UAE's exit from OPEC will increase global production, bring down oil prices in future
05:14am, Wednesday, 29'th Apr 2026
Russian Finance Minister Anton Siluanov said on Wednesday that the decision by the United Arab Emirates to leave OPEC will mean the oil-producing countries will boost production, bringing down g
Natural Gas and Oil Forecast: Geopolitical Risks Fuel Oil Tightness, NatGas Faces Oversupply
04:32am, Wednesday, 29'th Apr 2026
Strait of Hormuz closure cuts 20% of global oil supply, tightening balances, while US gas storage surges to record highs.
Nasdaq leads Wall Street lower as chip stocks tumble, oil rises
04:13am, Wednesday, 29'th Apr 2026
4:15pm: Stocks close lower Wall Street lost momentum on Tuesday, with the Dow, S&P 500 and Nasdaq all closing lower as weakness in chip stocks weighed heavily on sentiment, while oil prices pushed hig
UAE exit shakes OPEC - But will it really change oil prices?
04:08am, Wednesday, 29'th Apr 2026
Amrita Sen, founder and director of market intelligence at Energy Aspects discusses UAE's decision to leave OPEC and how the justification seems intriguing given the oil supply constrain all OPEC memb
Oil Prices Rise as Trump Calls for Iran Blockade Extension, OPEC Fractures. What to Know.
03:36am, Wednesday, 29'th Apr 2026
Brent crude and WTI prices were rising Wednesday as investors assess developments in the Iran war and OPEC.
