Page 40 - Dated Brent News Today

(Bloomberg) -- Oil headed for a weekly loss as investors weighed the crisis over Ukraine and the possibility that Iran’s nuclear deal may be revived. West Texas Intermediate was steady near $92 a barrel in early Asian trading after ending 2% lower on Thursday. The U.S.

Dated Brent surpassed $100 a barrel on Wednesday, as the White House continued to emphasize that it was calling on other oil-producing nations to increase output in an effort to drive down prices #brent #bidenwhitehouse

Asian refiners are tracking prices of Russia’s Urals crude amid fears of sanctions as strong demand continues to boost values for various Middle East grades pressuring their margins, sources told S&P Global Platts. European refiners, the baseload buyers of the medium, sour crude, have been shying away favoring sweeter barrels due to better refining economics ...

S&P Global Platts assessed the Dated Brent benchmark Feb. 16 at $100.795/b, up $3.14/b day on day, amid continued demand for light sweet crude and ongoing uncertainty surrounding a possible Russian invasion of Ukraine. This is the highest the benchmark has been assessed since Sept. 4, 2014, when it was assessed at $101.195/b. Dated Brent ...

Brent prices have swung wildly above $90 this week.

The Republic of Congo, which holds OPEC’s rotating presidency for 2022, is pushing to host a meeting of the producer bloc in June, to highlight Africa’s role in the oil market as it struggles to raise investment, sources told S&P Global Platts. Congo oil minister Bruno Jean Richars Itoua said on an International Energy Forum ...

Nearby oil contracts are commanding massive premiums over further out contracts, suggesting that we are currently facing a historically tight oil market

Oil fell Thursday even as the futures curve continued to signal one of the strongest periods the market has ever seen even, amid ongoing price volatility.

Easing geopolitical tensions that have rallied prices.

Mineral Resources and Energy Samson Gwede Mantashe says that the international crises between the Russia and Ukraine could lead to higher costs for local…