Recently, a major announcement shook the global energy market. On April 28 local time, the UAE officially announced that it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the "OPEC+" mechanism starting from May 1

Yesterday, the UAE announced its withdrawal from OPEC, effective May 1. Although this decision appears sudden amid the current turmoil, viewed over a longer timeframe, it is the inevitable outcome of the UAE’s multi-year “production-increase strategy

Summary: ① The UAE announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the “OPEC+” framework, effective May 1, 2026—a decision that deals a blow to the oil-producing bloc and its leader, Saudi Arabia. ② The

I. Overnight Crude Oil Market Dynamics April 28: Prospects for U.S.-Iran negotiations remain unclear, with shipping through the Strait of Hormuz continuing to face disruptions, driving international oil prices higher. NYMEX WTI crude futures for June

I. Crude Oil Market Dynamics On April 27, crude oil prices surged sharply. WTI crude oil broke above $96 per barrel, while Brent crude oil surpassed $101 per barrel, both rising over 2% intraday. NYMEX crude oil futures surged sharply in after-hours

The current oil market is going through a psychological game similar to the "boy who cried wolf." Last Friday night, Iran reportedly signaled the possible reopening of the Strait of Hormuz, and the market seemed to believe it, expecting a easing of g

Overnight Crude Oil Market Dynamics The timing for the second round of U.S.-Iran talks has yet to be finalized, and the U.S. continues its blockade of the Strait of Hormuz, prolonging supply risks and driving international oil prices higher. NYMEXCru

I. Overnight Crude Oil Market Dynamics April 20: The second round of U.S.-Iran talks has not been officially confirmed yet. The Strait of Hormuz remains blocked, increasing concerns about supply risks, and international oil prices rose. The NYMEX cru

Major Tariff News! Starting Tomorrow, the U.S. Begins Refunds! On April 20, the United States will initiate the relevant tariff refund process. U.S. Customs and Border Protection plans to deploy the tariff refund system using a phased develop

Overnight Crude Oil Market Dynamics Market concerns persist regarding the prospects of U.S.-Iran negotiations, and supply risks in the Middle East remain evident, driving up international oil prices. NYMEX crude oil futures for May contract rose by $

Recently, something rather strange has happened in the oil market: if you check the international oil price on a quotation software, the Brent crude futures are around $99 per barrel; but if you are an oil refinery in urgent need of oil and want to t

The U.S.-Iran negotiations collapsed, and Trump announced the blockade of the Strait of Hormuz, causing a sharp rise in geopolitical risks and pushing oil prices higher. On April 13, according to a pricing document obtained by Reuters on Monday,Kuwai

According to Bloomberg, U.S. President Trump stated that the peace talks held in Islamabad over the weekend failed to yield results.The United States will impose a blockade on the Strait of Hormuz. This move could exacerbate global oil and fuel short

Crude Oil Market Dynamics Despite the instability of the US-Iran ceasefire agreement, it still brings optimistic expectations for de-escalation in the US-Iran situation, causing international oil prices to fall by more than 2%.WTI Crude OilTouching 1

CNPett Info learned that the start of U.S.-Iran negotiations and the potential reopening of the Strait of Hormuz have triggered a drop in international oil prices by more than 10%, leading to a loosening of cost support in the chemical products marke

I. Overnight Crude Oil Market Dynamics 4/9: Israel's attack on Lebanon raised market concerns about its impact on the US-Iran talks, leading to an increase in international oil prices. However, the US pressured Israel to cease fire, narrowing the gai

Within just two days, the Middle East situation has undergone a fatal reversal! Just as the U.S. and Iran had reached a bilateral temporary ceasefire, Israel launched its most intense air strikes to date against Lebanon—causing U.S.-Iran talks to co

Yesterday, a Bloomberg report on newly allocated crude oil import quotas for China’s independent refineries (“local refineries”) quickly drew market attention. The report mentioned that China is granting additional quotas to some independent refine

I. Overnight Crude Oil Market Dynamics Market concerns over potential US military escalation against Iran driving up supply risks, but various parties have not abandoned diplomatic efforts, leading to mixed movements in international oil prices. NYME

According to Zhuan Su Vision, early on April 7, Iran's Fars News Agency cited unnamed sources reporting that an explosion occurred that day at the Jubail Industrial City in northeastern Saudi Arabia, which has U.S. capital involvement, following a "l