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Saudi to sell more crude to IndiaTop oil exporter Saudi Arabia is selling more crude to India in July as two refiners have asked for additional cargoes, industry and company sources familiar with the plan said, in part to make up for a loss of s More… |
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Sudan shuts oil pipeline for S Sudan exportsSudan has informed South Sudan that it has shut an oil pipeline that is used to transport crude from the South's oilfields for export, a senior company official said on Sunday. "We were informed that the pipeline has now More… |
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Iran oil exports hit decades-low on sanctionsWestern sanctions drove Iran's crude exports to the lowest in decades in May, according to industry sources and tanker-tracking data, even before Washington toughens measures aimed at squeezing oil sales further. Crude shipmen More… |
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Sweet crude premium evaporatingIn future, light low-sulphur crudes will command a much smaller premium over heavy sour grades, as booming shale production in the United States and growing demand from Asian refineries upend traditional pricing More… |
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Brent regains some ground, on weaker dollarBrent futures rose towards $103 a barrel on Thursday as the dollar weakened, regaining ground from their biggest slide in almost a month the day before. The decline in the dollar, under pressure from growing expectations the Feder More… |
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Brent drops towards $102Brent crude slipped towards $102 per barrel on Monday, extending last week's 2 per cent drop, as a weak economic outlook in a well-supplied market pressured prices. The outlook for global oil demand growth weakened last week a More… |
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Oil saving win-win drives Saudi solar boomA slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving billions of dollars of crude for export while making electricity at less than half the cost, said exp More… |
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Saudi oil exports plunge in MarchSaudi crude exports fell to 7.42 million barrels per day (bpd) in March, 34,000 bpd less than in February, as Saudi power sector oil use rose and output edged lower, official figures released via the Joint Oil Data Initiative (JODI) show. More… |
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Crude rallies after Israel hits Syrian targetsCrude futures rallied in Asia early on Monday due to geopolitical tensions in the oil-producing Middle East after Israel carried out a second air strike in Syria. The rally extended gains from better-than-expected job growth in th More… |
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Brent falls 7pc in April on economy woesBrent crude benchmark fell more than 7 percent during April, its biggest monthly decline in 11 months, hurt by economic indicators in recent weeks suggesting the global economy remains in a fragile state. Brent crude futures below More… |
