Saudi Aramco raised all of its official selling prices across Asia, Europe and the Mediterranean for July-loading cargoes and kept US differentials unchanged, with Asia-bound barrels seeing the largest increases of between $1.80/b and $2.75/b, […]
Stocks, the dollar and crude oil firmed on Monday as investors positioned themselves for more direction on interest rates and the economy from a string of central bank meetings spilling into next week. The European […]
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July, an indicator of how tight supply is even after OPEC+ agreed to […]
(Bloomberg) — OPEC+ agreed to increase the size of its oil-supply hikes by about 50%, in a deal that kept Russia at the heart of the cartel while also heeding pressure from major consumers including […]
Russia’s invasion of Ukraine has altered the global oil trade. EU leaders agreed to ban the majority of Russian crude imports, but even prior to the official action imports to Northwest Europe were down. More […]
The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the […]
(Bloomberg) — The OPEC+ coalition will likely hold firm to its oil production plans this week even as the European Union moves to sanction group member Russia, delegates said. Global oil supply and demand levels remain stable, […]
Russia’s flagship crude grade, which was sold mostly to Europe before the Russian invasion of Ukraine, is still selling, but predominantly in Asia, and at a huge discount to Dated Brent. The price of the […]
The sixth package of EU sanctions against Russia will immediately impact 75% of Russian oil imports. Russia claims it will find other buyers for its crude. Russia is boosting exports to India and China, but […]
HIGHLIGHTS About 880,000 mt to arrive in June Arrivals dampen demand for other regular crudes China’s independent refineries in Shandong are set to resume taking Russian Urals, with the first cargo arriving in early June […]
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