Page 32 - Dated Brent News Today

Meanwhile, India gets much less that it bargained for with Russian oil purchases.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Crude oil prices have reached a semblance of balance after a meteoric jump last month, when Dated Brent peaked at around US$137.04 per barrel on March 8. Prices are likely to be rangebound in the coming weeks, with bearish factors such as a Middle East-Yemen truce, the release of additional reserves by the US SPR and other members of the International Energy Agency, tempering the impact of short term supply risks due to the ongoing Russia-Ukraine war.

After last week’s decline, oil prices have started to pick up again on the back of hopes for Chinese demand rebounding soon

By Alex Longley (Bloomberg) — Daily earnings for tankers shipping oil from Russia’s Baltic ports are soaring as shipowners continue to exercise caution about hauling the country’s crude.  It now costs...

Daily earnings for tankers shipping oil from Russia’s Baltic ports are soaring as shipowners continue to exercise caution about hauling the country’s crude.

Reduced Russian diesel and gasoil exports have had a domino effect on global diesel supply chains, as European refiners scramble to replace barrels in response to Russia’s military invasion of Ukraine while also looking to capture the resulting high diesel crack spreads. Europe has been most directly impacted by the loss of Russian diesel, having ...

Russia’s flagship Urals crude has been shunned by its previously top customers, many of whom have committed to reduce dependence on the country’s oil. However, with hefty discounts on offer, the grade has been redirected to other markets and has found a growing outlet in Turkey, according to Urals traders and ship-tracking data. According to ...

Russian Deputy Prime Minister Alexander Novak said April 7 that Russia’s April oil output could fall 4%-5% on the month due to financial and logistical difficulties. Russia has not published output data for March — the first full month since Russia invaded Ukraine Feb. 24. The invasion triggered sanctions that complicate purchase of Russian oil ...

Meanwhile, Saudi Arabia's oil price hike is backfiring.