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Iraqi state oil marketer SOMO is considering signing crude sales contracts with new European buyers, SOMO’s director general said June 22, amid EU plans to ban seaborne oil deliveries from Russia in the wake of the latter’s invasion of Ukraine. SOMO said it has recently received a number of positive replies from European companies that ...

Middle Eastern oil producers lowered their official selling prices as lockdowns in China continued to suppress demand and backwardation eased across all pricing benchmarks

Iraq is redirecting crude flows from its primary customer base in Asia to refineries in Europe — and may soon be able to offer more volumes with the upgrading of a loading port, officials with state marketer SOMO said May 12, as Western countries have sought to wean themselves off of Russian oil. “There is ...

Saudi Aramco lowered almost all of its official selling prices across Asia, Europe and the Mediterranean for June-loading cargoes and kept US differentials unchanged, with Asia-bound barrels seeing the largest decreases of between $4.95/b and $5.10/b, according to a pricing document released May 8. For Asia-bound crude, Aramco decreased Arab Extra Light, Light, Medium and ...

Despite some headwinds in Asian markets, Middle East producers continue to hike OSPs as Europe considers a full oil embargo on Russian crude

Kuwait has raised the official selling prices for two crude grades it sells to Asia in May to record levels, a price document reviewed by Reuters showed on Monday. The producer has set May Kuwait Export Crude price at $9.30 a barrel above the average of Oman/Dubai quotes, up $4.50 from the previous month. It ...

Kuwait has raised the official selling prices (OSPs) for two crude grades it sells to Asia in May to record levels, a price document reviewed by Reuters showed today. The producer has set May Kuw...

What a tangled web these war-loving fools spin. We are referring, of course, to Washington’s belated attempts to ease or remove sanctions against - David Stockman for Antiwar.com Original

Saudi Aramco hiked official selling prices for its Asia-bound crude higher than the rise in the Dubai structure last month though market participants deemed the increase to be within expectations, given the ongoing volatility due to the Russia-Ukraine conflict, sources told S&P Global Commodity Insights March 7. Aramco, in a March 5 notice, raised the ...

Saudi Arabia's state oil producer Aramco raised the April official selling prices (OSPs) for crude it sells to Asia to an all-time high.