Page 30 - Dated Brent News Today

India emerged as the largest buyer of Russian Urals crude in April enticed by hefty discounts, as several of the grade’s regular European customers have boycotted this oil following Russia’s invasion of Ukraine. Urals has been trading at record-lows in recent weeks, with some deals being done at discount of almost $40/b to the Platts ...

OPEC and Russia remain aligned but the Kremlin’s influence within the group of major oil producers looks diminished by sanctions and the international backlash to its war in Ukraine. As the OPEC+ alliance prepares to hold its next virtual meeting May 5 to decide on June crude output levels, Russian production is already on the ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

The EU plans to phase out Russian crude oil imports within six months, European Commission President Ursula von der Leyen said May 4. She added that the EU is also considering phasing out imports of Russian refined products by the end of 2022. “Today we will propose to ban all Russian oil from Europe. This ...

FANG earnings call for the period ending March 31, 2022.

Iraq’s federal oil exports, excluding flows from the semi-autonomous Kurdistan region, rose 4.2% month on month in April, oil ministry data showed May 1, amid a higher OPEC+ quota. Total federal exports reached 3.380 million b/d in April, compared with 3.244 million b/d in March, according to ministry data. In March, federal oil exports had ...

Dated Brent prices in April vacillated between $98/b-$108/b, as traders struggled to weigh the evolving western sanctions on Russia against weakening oil demand in China, where the coronavirus is resurgent. For OPEC and its Russia-led allies, however, there is no wavering in their conviction on how to manage crude supply. Several delegates say the OPEC+ ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

(Bloomberg) — Angolan crude is being being offered for export at lower-than-usual prices, a signal that top consumer China’s oil demand may struggle to rebound…

Brent for June settlement declined 0.4% to $104.90.