Dar Blend News Today

A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday. The... -May 28, 2024 at 10:05 am EDT - MarketScreener

South Sudan's crude production has almost halved to around 80,000 b/d because of a blockage at a pipeline in war-torn Sudan, South Sudan's oil ministry undersecretary William Anyak Deng told <i>Argus</i> today.

Oil prices are expected to remain under pressure in the week ended June 24 following heavy losses in the previous week ended June 17. Confidence in oil demand is holding up despite soaring inflation as fears of an impending recession kicked in. Front-month August ICE Brent crude futures stood at $112.35/b at 0215 GMT June ...

Australia’s heavy sweet Vincent crude cash differentials plunged due to a reduction in its flash point following the resumption of the Cimatti oilfield in the Greater Enfield project, making the crude unsuitable for low sulfur fuel oil blending, market sources told S&P Global Commodity Insights March 17. The fuel oil rich Vincent crude, which typically ...

Crude oil futures are expected to maintain their bullish momentum in the week of Jan. 10 despite rising COVID-19 cases worldwide, as investors remained confident that the longer-term outlook for oil demand and supply will likely be tight. ICE March Brent crude futures stood at $81.89/b at 0200 GMT Jan. 10, up 14 cents/b, or ...

2022 will remain a mixed bag for everyone...

Crude oil markets started the Dec. 6-10 trading week higher, with optimism for crude’s near-term outlook building after the release of Saudi Aramco’s January crude official selling prices, which analysts said demonstrated confidence in the market. ICE February Brent crude futures stood at $71.47/b at 0300 GMT Dec. 6, up $1.59/b (2.28%) from the Dec. ...

November-loading heavy sweet crude cargoes have traded at lower prices than for October despite initial expectations of increases on the back of gas-to-oil switching by power utilities amid amid skyrocketing LNG prices, market sources said Oct. 12. Most recently, Petronas was heard to have sold via tender a 600,000-barrel cargo of Sudan/South Sudan’s Dar Blend ...

Upon South Sudan’s independence in 2011, many hoped the country’s oil wealth would help build the state and lift citizens out of poverty. Instead, politicians have shunted these revenues toward patronage and personal enrichment, feeding internal conflict. Transparency and accountability are badly needed.

Asia crude oil: Key market indicators this week Asia’s crude oil market activity in the May 10-14 trading week is expected to pick up steam, although sentiment continues to be weighed down by demand concerns across Asia amid COVID-19 resurgences, which have caused several countries to introduce, or increase lockdown measures. July ICE Brent crude futures were pegged at $68.59/b at 0300 GMT May 10, up 65 cents/b from the 0830 GMT Asian close on May 7. Middle East Crude **Activity in the week a...