Global crude oil futures dropped roughly 2.5% on Tuesday as recovering Middle Eastern export flows and the resumption of tanker loadings at Saudi Arabia’s Yanbu port eased supply concerns, though lingering geopolitical risks kept benchmarks on track for monthly gains.
Global crude futures settled slightly higher on Monday, paring an early four-dollar surge as expectations of Qatari-mediated negotiations tempered supply concerns following US President Donald Trump’s rejection of an Iranian proposal to reopen the Strait of Hormuz.
Thailand's PP market is caught between a surge of foreign supply and a regional feedstock squeeze, and Bangkok has chosen this moment to raise a protective wall. The Committee on Safeguard Measures, chaired by the Ministry of Commerce, has approved a three-year safeguard duty on imported PP products,
Global crude futures fell roughly 2% on Friday, pressured by hopes of a phased US–Iran diplomatic agreement and speculation over potential US diesel export curbs, ending a volatile week marked by a sharply widening Brent–WTI spread.