As Reported Energy Price, news updates and commentary 27/05/26: Oil price drop back below $100 a barrel

27 May As Reported Energy Price, news updates and commentary 27/05/26: Oil price drop back below $100 a barrel

(Oilandgaspress) The European Commission on Tuesday said it had given permission to the oil major BP to sell its refinery in the German city of Gelsenkirchen to the refinery operator Klesch Group.

The commission said there are no competition concerns regarding the merger as the companies have only a limited combined market position. The Gelsenkirchen refinery is one of the largest in Germany. The complex, comprising two sites, can process around 12 million tons of crude oil annually. It primarily produces fuels for road and air transport. It also produces raw materials for the petrochemical industry. Related News

Oil expected to rise above $100 a barrel after fresh US strikes on Iran dashed hopes of a Middle East breakthrough, with experts saying that whatever the outcome of peace talks, the global energy market may now be past the “point of no return”.

News of the US attacks on missile launch sites and mine-laying vessels pushed the price of Brent crude past the key threshold on Tuesday, as a peace deal remained elusive.. Related News

Participating Hyundai dealers are rolling out a mobile service program across the U.S. with support from Hyundai to enhance customer convenience and help address service capacity limitations from increased demand due to Hyundai’s sales growth. The mobile service vehicles will handle approved maintenance and routine repairs like oil changes, tire rotations, software updates, brake pad and rotor replacements, service campaigns and wash/detailing at customers’ homes or workplaces. After a successful dealer pilot demonstrating clear dealer and customer adoption, additional dealers nationwide will be targeted to expand the mobile service, with a goal of 150 active mobile units by the end of the year.
“The introduction of dealer operated mobile service extends the current myHyundaiCare experience beyond the traditional dealership visit,” said Michel Poirier, vice president, aftersales and customer experience, Hyundai Motor America. “Offering customers the ability to schedule maintenance at their homes or workplaces minimizes time loss and disruption, representing a convenience-driven service innovation. This modern, seamless approach aligns with contemporary customer expectations for efficient and accessible service experiences.” Related News

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