Brent Tops $111 as Analysts Raise Forecasts on Hormuz Stalemate
Oil prices extended gains in Asian trade on Tuesday, with Brent Crude topping $111 per barrel, as the Strait of Hormuz remains inaccessible for more than eight weeks and the U.S.-Iran talks are nowhere near resumption. In the early morning in Europe, the Brent Crude futures were rising by 2.61% to $
OilPrice · April 28, 2026
China May Restart Fuel Exports as Domestic Stockpiles Surge
Chinese state refiners could restart fuel exports next month if the government in Beijing approves their applications for the restart, citing ample domestic stocks. Companies including Sinopec and CNPC have submitted applications for export permits, Bloomberg reported today, citing unnamed sources i
OilPrice · April 28, 2026