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Bahrain includes DME Oman in crude pricing for AsiaThe Bahrain Petroleum Company (Bapco) has announced the switch in its pricing formula to include the DME Oman benchmark for Arab Medium crude sales to Asia, which comes into effect for October 2018 loading cargoes. The move has be More… |
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Brent at $90-$100 is acceptable says KPC chiefThe head of state oil company Kuwait Petroleum Corp (KPC), Farouk Al-Zanki, said on Wednesday that a Brent crude oil price of around $90-$100 per barrel is acceptable. Al-Zanki also told Reuters on the sidelines of a visit to a refinery in More… |
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Saudi may up crude prices on Asia demandTop oil exporter Saudi Arabia may increase official selling prices (OSPs) of October crude for Asian clients, as refiners across the continent process more, aiming to benefit from attractive margins for products from fuel oil to jet fuel. More… |
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Goldman Sachs raises oil price forecastGoldman Sachs has raised its Brent crude price forecast for 2011 and 2012 on expectations that fuel demand growth will draw on global inventories and strain Opec's spare oil output capacity. The Wall Street bank said it was "structu More… |
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Saudi keeps oil supply steady ahead of OpecSaudi Arabia will keep crude oil supplies in June unchanged from May, trade sources said, amid volatile prices and ahead of an Opec meeting in June to review the producer group's supply policy. "They gave us what we asked for, and they alw More… |
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Saudi, Qatar hike crude pricesBoth Saudi Arabia and Qatar have raised their official selling prices for crude, according to traders.While Saudi upped Arab Light crude price by 15 cents per barrel, Qatar raised August price for Marine crude to $72.90 a barrel, up $1.65 from Jul More… |
