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PetrolOilPrice.com

Oil Held the Biggest IPO Record. Tonight It Loses the Crown.

For nearly seven years, the largest IPO in history belonged to an oil company. Not just any oil company. Saudi Aramco, the crown jewel of the world's largest crude exporter, raised $29.4 billion in its 2019 market debut, cementing what many viewed as the ultimate victory lap for the petroleum age. T

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PetrolFXStreet Haberler

Thai Baht : Energy shock leaves THB vulnerable – MUFG

MUFG’s Lloyd Chan argues that the Thai Baht is particularly exposed to prolonged Middle East conflict and elevated Oil prices. Thailand’s large net Oil and gas deficit, weakening terms of trade and relatively low domestic yields undermine the currency’s appeal.

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PetrolOilPrice.com

Why Power Prices Are Rising Faster in Deregulated States

Back in the last century, when neo-liberalism, deregulation, and privatization were all the rage, we, in the USA, decided to restructure and deregulate the electricity industry, on the theory that such action would bring about the same benefits to electricity consumers as it did for consumers of tra

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PetrolOilPrice.com

Why Household Batteries Are Becoming Strategic Assets

The Strait of Hormuz has become the pressure point of the global energy system. The war has already deprived global markets of 1 billion barrels of crude oil and petroleum products. Supply from the Middle East has been severely disrupted, and there is now rising uncertainty around Chinese refining p

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PetrolOilPrice.com

China Is Learning to Use Less Oil—and That's a Bigger Deal Than It Sounds

Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable. It can get by on less fuel than anyone thought. China's gasoline and diesel demand has been falling for years as electric vehi

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PetrolFXStreet Haberler

WTI retreats as US‑Iran diplomacy tempers supply fears ahead of Fed decision

West Texas Intermediate (WTI) trades around $89.50 on Thursday at the time of writing, down 0.86% on the day, as investors trim positions following the recent rally driven by Middle East tensions.

WTI
PetrolFXStreet Haberler

China: Export prices still damp global inflation – Standard Chartered

Standard Chartered economists Hunter Chan and Shuang Ding argue that higher Oil and AI-related goods prices have lifted China’s import prices and PPI, ending a multi-year deflation spell.

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PetrolFXStreet Haberler

British Pound slips as war-driven PPI fuels US Dollar rebound

The Pound Sterling (GBP) registers losses of 0.19% on Thursday after the latest US inflation report reflected the impact of the Iran war on producer prices, while an escalation of hostilities between Washington and Tehran triggered a recovery in Oil prices.

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PetrolOilPrice.com

Trump Says U.S. Will Hit Iran Again Tonight, Eyes Control of Its Oil Sector

President Donald Trump on Thursday threatened to seize Iran's main oil export hub, Kharg Island, and assume "total control" of the country's oil and gas markets, drawing a direct line to the U.S. operation in Venezuela as a template for what could come next in Iran. "At some point in the not too dis

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PetrolFXStreet Haberler

Oil: Supply fears and $150 risk flagged – BNY

BNY’s Bob Savage highlights that Oil initially spiked on renewed U.S.–Iran tensions before easing, but analysts remain concerned about supply risks and the durability of any peace deal.

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PetrolOilPrice.com

Sanctioned Private Chinese Refiner Seeks Non-Iranian Crude

Hengli Petrochemical, the privately-owned Chinese refiner that was sanctioned by the U.S. in April over allegedly buying Iranian oil, is looking to buy crude from other Middle Eastern producers and West Africa, Reuters reported on Thursday, citing trade sources. Hengli Petrochemical, one of China's

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PetrolFXStreet Haberler

Oil: Chinese demand and US exports shape balance – ING

ING’s Warren Patterson notes that weaker Chinese crude imports and strong US exports have temporarily eased pressure on Oil, but he stresses these supports are not sustainable. China’s May 2026 crude imports fell sharply, while higher US exports are being drawn from inventories.

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PetrolFXStreet Haberler

WTI Price Forecast: 20-day EMA remains key hurdle

West Texas Intermediate (WTI), futures on NYMEX, trade almost 3% lower to near $87.60 during the European trading session on Thursday.

WTI
PetrolOilPrice.com

India Secures Crude Supply Through August with Higher UAE Imports

Indian refiners have secured crude supply at least through August as they boost purchases from the United Arab Emirates (UAE), Africa, and Brazil, trade sources told Reuters on Thursday. India's state-run refiners have been lifting growing volumes of both crude and liquefied petroleum gas (LPG), the

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PetrolOilPrice.com

Oil Could Hit $150 If U.S.-Iran Ceasefire Collapses

Oil prices could hit $150 per barrel if hostilities between the United States and Iran escalate further from the current, most testing period in the ceasefire, according to intelligence firm Rystad Energy. Renewed hostilities would further deepen the supply shut-ins in the Middle East as the war ris

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