ADNOC Sets Murban Crude at $110.75 Per Barrel for May 2026 Signaling Major Market Shift

ADNOC Sets Murban Crude at $110.75 Per Barrel for May 2026 Signaling Major Market Shift

A jump of more than 59% in a single month is not a routine price adjustment. When the official selling price for the UAE’s flagship crude grade leaps from $69.45 to $110.75 per barrel, it sends a signal that reverberates well beyond Abu Dhabi‘s trading desks. The Abu Dhabi National Oil Company confirmed on Tuesday … Read more

Goldman Lifts Oil Outlook to $95 a Barrel as Global Supply Deficit Hits Record Levels

Goldman Lifts Oil Outlook to $95 a Barrel as Global Supply Deficit Hits Record Levels

Record inventory draws of up to 12 million barrels per day in a single month would be extraordinary under any circumstances. When Goldman Sachs attaches that figure to April 2026, it reframes the entire supply conversation for energy investors across the Gulf and beyond. The investment bank has raised its fourth-quarter oil price forecasts, now … Read more

US Crude Oil Surges 8% Past $104 a Barrel as Iran Blockade Threat Rattles Global Markets

US Crude Oil Surges 8% Past $104 a Barrel as Iran Blockade Threat Rattles Global Markets

A single-day jump of 8% in crude oil is the kind of move that rewrites quarterly forecasts across the Gulf overnight. That is exactly what energy markets delivered on Sunday, driven by a geopolitical escalation that places Iran — and by extension the entire MENA energy corridor — at the centre of global supply anxiety. … Read more