Asian refiners offer $20 premiums for UAE Upper Zakum crude as the Iran war disrupts supply of medium-sour grades. Processors are scrambling to secure alternative barrels amid the regional conflict.

Global energy prices surge as US and Brent crude oil jump 8 percent. European natural gas rises 9 percent, while heating oil and gasoline see gains of 5.7 percent and 5.3 percent respectively.

Global energy prices surged today, with US and Brent crude oil rising by 8 percent, European natural gas increasing by 9 percent, and heating oil and gasoline climbing by 5.7 percent and 5.3 percent respectively.

Amazon reports Q1 2026 net sales of $181.52 billion, beating analyst expectations of $177.23 billion. The company also issued Q2 revenue guidance ranging from $194 billion to $199 billion.

Amazon reported Q1 2026 net sales of $181.52 billion, exceeding analyst estimates of $177.23 billion, and provided Q2 revenue guidance between $194 billion and $199 billion.

Brent crude oil prices on the ICE exchange in London exceed $120 per barrel for the first time since June 2022, according to market data.

Brent crude oil prices on the ICE exchange in London have exceeded $120 per barrel for the first time since June 17, 2022, according to trading data.

President Donald Trump says the United Arab Emirates' departure from OPEC is a positive development that will help drive down gasoline and oil prices.

President Donald Trump stated that the United Arab Emirates' decision to exit OPEC is a positive development that will contribute to lower oil and gasoline prices.