Oil prices fall in choppy trade as Trump plans to ‘free’ ships stranded due to Mideast conflict

May 3rd 2026
Oil prices fell in choppy trade Monday, as market participants assess U.S. President Donald Trump’s announcement to “free” ships that have been trapped due to the closure of the Strait of Hormuz, amid lingering…- US to loan companies up to 92.5 million barrels of Strategic Petroleum Reserve oil
- Spire completes sale of gas marketing business to Boardwalk Pipelines for $215 million
- The UAE dumping OPEC may not affect crude as anticipated
- Egypt and TotalEnergies near MoU for gas exploration in the Herodotus Basin
- US Seeks Global Coalition to Ease Hormuz Supply Crisis as Oil Prices Spike
- OPEC+ likely to agree another oil output hike without UAE, sources say
- ADNOC plans major investment to build U.S. natural gas platform
- Goldman says UAE's exit from OPEC raises medium-term oil supply upside risk
- Vanguard Renewables Expands U.S. RNG Capacity with Three New Projects


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