Page 25 - Dated Brent News Today

/PRNewswire/ -- S&P Global Commodity Insights, the leading independent provider of information and benchmark prices for the commodity and energy markets, has...

/PRNewswire/ -- S&P Global Commodity Insights, the leading independent provider of information and benchmark prices for the commodity and energy markets, has...

NEW YORK: Oil rose toward US$122 (RM539) a barrel as investors weighed a tight supply outlook and the impact of China’s eventual return from virus curbs.

Asian import of Russian oil is unlikely to slow immediately following the pledge by the European Union to prohibit EU operators from insuring seaborne transport to third countries, but buyers in the region are already scrambling to make alternative arrangements to sustain purchases after the winding down period. Analysts said while the announcement will prompt ...

OPEC on June 14 said it expects rising demand for its crude oil, forecasting robust global economic growth in the months ahead and projecting for the first time that Russia’s production will fall year on year. In its closely watched monthly oil market report, the producer bloc kept its forecast of world demand steady at ...

Oil market participants will keep an eye on refiners’ appetite for crude oil following Saudi Aramco’s price increase announcement as well as OPEC+’s plan to hike production in July and August. Meanwhile, supply concerns are keeping China’s copper concentrates and US corn markets on their toes. 1. Saudi Aramco promises more crude, at a price ...

Credit Suisse favorite oil stocks to play the rally include midstream, Canadian oil stocks and large-caps.

Crude closed on a seventh weekly gain; however, the latest inflation report from May weighed heavily against bullish fundamentals.

Oil posted its seventh weekly gain as tight fuel-supply balances sustain bullish fundamentals, although headwinds brought on by accelerating US inflation capped crude’s advance. West Texas Intermediate (WTI) for delivery next month fell 0.69 percent to US$120.67 a barrel after trading in a US$4 range during a volatile session on Friday. Despite the fall, WTI ended the week 1.51 percent higher. Brent crude for August delivery dropped 0.86 percent to US$122.01 a barrel, posting a weekly increas...

US WTI Midland crude oil will be incorporated into the Platts Dated Brent and related benchmark assessments from June 2023, S&P Global Commodity Insights said June 8, with the first-ever inclusion of a non-North Sea grade expected to boost the liquidity of oil’s most important price benchmark. Platts, part of S&P Global, said WTI Midland ...