Energy Alert April 2026: Prices Skyrocket as Supply Remains Tight

In the past month, the energy market stayed relatively strong, supported by tighter global supply and ongoing inventory declines highlighted by Goldman Sachs. MOPS (Mean of Platts Singapore) rose 7% from 192.1 in March to 205.1 in April, showing that demand for refined fuels in the region remains solid even with fewer visible disruptions. CPO prices also increased slightly by 1.1% from 15,423 to 15,590, supported by steady biodiesel demand and stable exports. Meanwhile, Brent crude remained fairly stable, rising slightly by 0.4% from 99.8 to 100.2. Although the monthly change is small, prices are still much higher than pre-war levels due to ongoing geopolitical tensions. On the other hand, the Platts Differential dropped sharply by 41.7% from 35.08 to 20.45, indicating that short-term supply tightness has eased compared to March. Overall, the market is still strong, but less pressured in the near term, with some countries also shifting back to coal as gas supply remains uncertain.

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Short-Term Outlook in May

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MOPS: Expected to stay high, supported by steady demand and lower inventories.
Brent: Likely to remain in the USD 90–105 range, with possible increases if supply risks grow.
CPO: Expected to stay stable or rise slightly, supported by biodiesel demand.

What to expect: Energy prices are expected to remain strong with some fluctuations, as demand stays solid while supply pressures begin to ease slightly.

(Source: Bloomberg)