May 14, 2026 7:42 p.m.
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economy

Macroeconomic headwinds and Beijing summit drag Brent lower despite structural collapse of global supply balances
14 May 2026 Crude futures retreated as US interest rate fears and a high-stakes Beijing summit overshadowed a massive 4.3 million-barrel domestic inventory draw and an IEA warning of an annual global supply deficit.
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14 May 2026

economy

EIA: Oil stocks sink as Iran conflict continues to drive stronger export-led draw

US commercial crude oil inventories fell sharply by 4.3 million barrels in the week ended 8 May to 452.9 million barrels, as the Iran war roiled oil markets and buyers increasingly turned to US barrels for supply.
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14 May 2026

economy

Commodity Exchange: 14 May 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 14 May 2026 session with the following settlements.
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13 May 2026 Brent NYMEX

economy

Global balances tightened further as EIA extends maritime blockade timeline and multi-million-barrel deficits compound

Crude futures rallied 4% as the EIA extended its Hormuz closure timeline through late May, compounding a massive 14-million-barrel-per-day supply gap and accelerating the structural drain on global inventories.
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13 May 2026

economy

Freightos Baltic: Hormuz risk meets weak peak season as carriers fight to hold freight rates

Rising bunker costs linked to the disruption are placing increasing pressure on shipping lines. Maersk estimated the carrier is facing around $500 million per month in additional fuel-related expenses.
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13 May 2026

economy

Consolidation in Asian petrochemical sector gains momentum as Japanese giants set to slash ethylene capacity

Japan’s petrochemical industry is accelerating a structural rationalisation of its ethylene backbone, as Mitsui Chemicals, Mitsubishi Chemical, and Asahi Kasei move to integrate their western Japan production network by fiscal 2030.
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13 May 2026

economy

Commodity Exchange: 13 May 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 13 May 2026 session with the following settlements.
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12 May 2026 Brent NYMEX

economy

Crude rallied 3% as one-billion-barrel supply deficit and two-decade OPEC production lows eclipse faltering ceasefire

Crude futures rallied nearly 3% as the near-collapse of the US-Iran ceasefire compounded a historic physical deficit defined by a one-billion-barrel supply loss and two-decade lows in OPEC production.
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