May 26, 2026 8:56 a.m.
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economy

Petronas consolidates full control of Prefchem as Aramco exits Pengerang stake
25 May 2026 Subject to the fulfilment of customary closing conditions, PRefChem will fall entirely under the PETRONAS Group umbrella — a structural shift that draws the curtain on one of Southeast Asia's most consequential downstream joint ventures.
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25 May 2026 Brent NYMEX

economy

Diplomatic gridlock and 2027 normalisation timeline reverse intraday crude rally amid structural weekly losses

Crude futures locked in severe weekly declines as US-Iran diplomatic gridlock compounded institutional warnings that physical maritime flows will not fully normalise until 2027.
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25 May 2026

economy

Commodity Exchange: 25 May 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 25 May 2026 session with the following settlements.
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21 May 2026 Brent NYMEX

economy

Oil tumbles 6% as Iran deal hopes trigger risk premium unwind, but analysts caution against complacency

Analysts warned that physical balances remain extremely tight even if diplomatic progress continues.
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21 May 2026

economy

Commodity Exchange: 21 May 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 21 May 2026 session with the following settlements.
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20 May 2026 Brent NYMEX

economy

Record US strategic reserve drain and massive Asian run cuts cap paper selloff amid transient diplomatic progress

Crude futures edged lower on transient diplomatic optimism, but paper losses were severely capped by a record 9.9-million-barrel drain on the US Strategic Petroleum Reserve and a massive contraction in Chinese refinery runs.
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20 May 2026

economy

Commodity Exchange: 20 May 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 20 May 2026 session with the following settlements.
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19 May 2026 Brent NYMEX

economy

Crude breached $112 as 2.5-million-bpd reserve drain and impending macroeconomic contagion overshadow transient waivers

Crude futures spiked to two-week highs as a rapid 2.5-million-bpd drain on strategic reserves and crashing Chinese refinery runs exposed the severe macroeconomic contagion of the prolonged Middle Eastern blockade.
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