Petrol

The United Arab Emirates (UAE) could attract more U.S. investment after the exit from OPEC as the country would be able to produce more oil once the current Strait of Hormuz crisis ends, according to JP Morgan. In a surprise announcement on Tuesday, the UAE said it is quitting OPEC and the wider OPE

The war in Iran and the closed Strait of Hormuz are accelerating a major shift in the oil tanker market, in which smaller tankers carrying fuels are becoming crude carriers amid better economics as crude buyers scramble for supply that’s not trapped behind the Strait. As many as 68 so-called long ra

BNY’s Bob Savage points out that Gold is gaining alongside Steel as Brent Oil surges to multi‑year highs and Middle East tensions intensify. Elevated energy costs are feeding directly into Euro area and French inflation, while producer prices in several economies show renewed momentum.

The Association of Southeast Asian Nations (ASEAN) looks to ratify a petroleum security agreement, Philippine Trade Secretary Cristina Roque said on Thursday as Asian nations are reeling from the shock oil supply crisis amid the Middle East war. “APSA, ‌or the ASEAN Petroleum Security Agreement, is

ABD Başkanı Donald Trump ile Rusya Devlet Başkanı Vladimir Putin arasında 29 Nisan 2026 tarihinde gerçekleşen yaklaşık 90 dakikalık telefon görüşmesinin hemen ardından Açıklama geldi. Görüşmenin perde arkasındaki detaylar ve bu diyaloğun bağlamı şu şekilde: 1. Putin’in Teklifi: Uranyumun Rusya’ya Ta

Danske Research Team highlights that Brent has surged to around USD 124–126 per barrel as Iran-related tensions and a US naval blockade drive supply fears. They note Polymarket-implied odds of only a modest chance of normalised Hormuz traffic by end-May.

West Texas Intermediate (WTI), futures on NYMEX, gives up its early gains after posting a fresh over seven-week high at around $107.35 and flattens to near $104.85 during the European trading session on Thursday.

The war in the Middle East and the oil price surge it caused have destroyed 1.6 million barrels daily in demand, ING commodity analysts said in a note today, adding that this is nowhere near the rate of supply destruction. This has been estimated at between 13 million bpd and 14 million bpd as of la

MUFG’s Lloyd Chan notes that Brent Oil near US$120 and higher US Treasury yields are underpinning Dollar strength, with the Dollar holding in the 98.00–99.00 range.

Commerzbank’s Charlie Lay and Moses Lim note that the conflict in the Middle East and higher Oil prices have weighed heavily on the Indian Rupee (INR), while the Reserve Bank of India (RBI) focuses on stability.

The Indian Rupee (INR) plunges to record lows against the US Dollar (USD) at open on Thursday.

The AUD/JPY cross gains ground to near 114.25 during the early European session on Thursday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) as Australia’s Consumer Price Index (CPI) inflation surged in March, as war in the Middle East drove up energy costs.

A report released by the Bank of Japan (BoJ) on Thursday revealed that the impact of weak Japanese Yen shock on inflation bigger than that from oil shock.

West Texas Intermediate (WTI) oil price extends its gains for the fourth consecutive day, trading around $105.70 per barrel during the Asian hours on Thursday. Crude oil prices climb as a deepening naval blockade of Iranian ports.