Skip to content
Bullish As of May 28, 2026 17:00 ET Download PDF

Daily Energy & Shipping Briefing — May 28, 2026

Global energy markets saw crude oil prices rebound on Thursday, driven by renewed geopolitical tensions in the Middle East, though reports of potential peace talks introduced some volatility. US equities continued their upward trend, reaching new records despite persistent inflation concerns. Natural gas futures remained subdued, while bunker prices in Singapore showed specific movements.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 97.56 +1.91
WTI NYMEX $/bbl 92.65 +1.73

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 213.67 +2.83
Heating Oil NYMEX c/gal 205.50 +2.50

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 3.09 +0.05

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 431.32 +2.14

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 23.19 -0.15

Shipping Rates & Bunkers

Dirty Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
VLCC, 270 AG-FE 40,500 39,800
Suezmax, 130 WAF-UKC 28,000 27,500
Aframax, 80 Cross-Med 22,000 21,500

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 20,700 26,500
MR, 37 TC2 (UKC-USAC) 18,000 19,500

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 49,500 127.5 112.5

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 13,500 Stable 30,300

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 804.3 654.3 950.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 34,800

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 79.45 79.55

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,563.63 +43.27
Pair Region Last Δ Day
EUR/$ European Union 1.16 -0.01

Developments

  • Oil Prices On May 28: Brent Crude Rises To $96 After Fresh US Strikes On Iran

    US forces conducted defensive strikes in Iran amid Strait of Hormuz tensions, causing Brent crude to rise above $96 a barrel.

    NDTV Profit · May 28, 2026

  • How major US stock indexes fared Thursday 5/28/2026

    US stocks pushed to more records, with the S&P 500 adding 0.6% to its all-time high, partly due to strong corporate earnings and news of a potential 60-day ceasefire extension in the US-Iran conflict.

    AP News · May 28, 2026

  • Crude Oil Price Forecast, Technical Analysis (May 28): WTI, Brent Continue to See a lot of Chop

    Crude oil markets remained volatile on Thursday, driven by conflicting headlines and uncertainty surrounding the Middle East conflict and potential peace agreements.

    FXEmpire · May 28, 2026

  • Stock Market Today, May 28: Inflation Isn't Stopping This Stock Market Rally

    Despite a hotter-than-expected April PCE inflation index (3.8% year-on-year), major US stock indexes pushed to new highs, with markets seemingly looking past inflation concerns.

    TheStreet · May 28, 2026

  • Natural Gas Market Indicators – May 28, 2026: Natural Gas Futures Muted as June Contract Expires

    Henry Hub natural gas futures remained subdued as the June contract expired, with sustained production and healthy storage inventories weighing on prices despite rising demand.

    EIA · May 28, 2026

  • Record High Bunker Oil Price Difference Between Asia and Europe

    A new analysis revealed that the price difference for VLSFO bunker oil between Singapore and Rotterdam hit a record $362 per ton in March 2026, with Asian markets more severely impacted by geopolitical shocks like the Hormuz crisis.

    Marine Link · June 10, 2026