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Pump prices up again amid tightening global inventories

'Geopolitical developments remain a key swing factor, with the market hopeful that high-level discussions between major powers could help ease Iran-related tensions and provide clearer signals on energy flows,' says the energy department

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rappler.comStai leggendo1 mesi fa

Pump prices up again amid tightening global inventories

Philippine pump prices rose up to ₱1.96/liter (diesel) on May 26, driven by Middle East supply disruptions pushing Dubai crude up ~$3/barrel and tightening global inventories. The Strait of Hormuz risk and stalled US-Iran talks keep energy costs volatile — logistics-heavy or manufacturing operations should model sustained fuel price pressure into Q3 OpEx.

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punchng.com1 mesi fa

Oil prices slide as US-Iran ceasefire talks progress

Brent crude dropped to $93/barrel after reports of a US-Iran 60-day ceasefire framework that would guarantee Strait of Hormuz shipping, lift the US naval blockade, and allow Iran to sell oil freely. For energy-exposed supply chains and CFOs managing fuel cost forecasts, a sustained decline below $90 would materially reduce logistics and manufacturing input costs — watch whether Trump signs off and Iran formally confirms.

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channelnewsasia.com1 mesi fa

Oil tumbles nearly 7% as US and Iran seen moving closer to deal

Brent crude fell nearly 7% to $96.30 on progress in US-Iran talks aimed at a 60-day MOU to halt the war and reopen the Strait of Hormuz. Analysts warn oil flows won't normalize for months, sustaining energy cost pressure on infrastructure and data center opex.

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edition.cnn.com1 mesi fa

US-Iran talks are heating up again. But the danger isn’t over for gas prices | CNN Business

Markets are breathing a sigh of relief that the shaky US-Iran ceasefire survived the long weekend and progress is being made on a potential deal to end the war.

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Timeline cronologica

lunedì 25 maggio 2026·channelnewsasia.com
Oil tumbles nearly 7% as US and Iran seen moving closer to deal
Brent crude dropped below US$97 a barrel after both sides said talks had made progress.
martedì 26 maggio 2026·rappler.com
Pump prices up again amid tightening global inventories
'Geopolitical developments remain a key swing factor, with the market hopeful that high-level discussions between major powers could help ease Iran-related tensions and provide…
martedì 26 maggio 2026·edition.cnn.com
US-Iran talks are heating up again. But the danger isn’t over for gas prices | CNN Business
Markets are breathing a sigh of relief that the shaky US-Iran ceasefire survived the long weekend and progress is being made on a potential deal to end the war.
venerdì 29 maggio 2026·punchng.com
Oil prices slide as US-Iran ceasefire talks progress
Global oil prices are sliding as US-Iran ceasefire talks advance, raising hopes for lower petrol prices in Nigeria. Get the latest on crude oil market impa