NEW YORK, March 3, 2026, 06:00 EST — Premarket
- TMDE points up again in early premarket, following a triple-digit surge from the previous session.
- Oil keeps climbing, with Middle East supply risks pushing prices higher and energy-linked names staying in focus.
- At the open, traders want to see if momentum carries forward—and they’re watching for any statements from the company about the activity.
TMD Energy Limited (TMDE) surged roughly 26% to $3.86 before the bell Tuesday, adding to its eye-popping 232% rally from the previous session. The NYSE American stock wrapped up Monday at $3.06.
Crude’s rally is picking up, with prices reflecting heightened concerns over supply and shipping disruptions tied to the escalating U.S.-Israel showdown with Iran. Brent climbed past $80 a barrel, while U.S. crude cleared $73, according to Reuters.
Vikas Dwivedi, global energy strategist at Macquarie Group, said the world could absorb a closure of the Strait of Hormuz for “one or two weeks.” But he cautioned that if the shutdown drags on, the effect on prices would escalate quickly. Reuters
TMDE surged Monday, drawing hefty volume. Shares kicked off at $2.99, swung from $2.10 up to $3.11, and settled at $3.06. Roughly 138 million shares traded hands, Yahoo Finance data show.
Energy stocks rallied Monday, lifted by a surge in crude prices. Tanker and freight names moved higher too after the conflict threw major shipping routes into disarray, according to Reuters. Against that backdrop, a few traders rotated into lesser-known, higher-volatility tickers on the fringes of the sector.
TMD Energy, headquartered in Kuala Lumpur, supplies marine fuels—known as bunkering—and handles ship management along with vessel chartering services, according to Reuters company information.
No fresh filing sparked the surge. The last update TMD Energy posted to the SEC’s EDGAR was a Form 6-K about changes to its board, dated Feb. 17, according to records.
Still, these kinds of swings can reverse in a hurry. In premarket, thin liquidity tends to amplify moves, while small-cap stocks often lurch sharply as the opening auction pins down a reference price.
Traders are eyeing whether the stock can stick above Monday’s close after the opening bell and if the exchange steps in with volatility pauses—those brief halts meant to cool things off after sharp moves. Oil headlines stay in play as well.
First up is the 9:30 a.m. ET opening bell, then the U.S. government’s weekly petroleum status report hits at 10:30 a.m. ET Wednesday.
