Page 50 - Dated Brent News Today

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.

OPEC and its allies have shrugged off pressure from the US to cool down the market with more supply, affirming Oct. 4 their original plan to increase crude oil production in November by just 400,000 b/d. Unmoved by a rally that has seen physical crude prices hitting three-year highs in recent days, OPEC+ delegates pointed ...

Straining supply lines and under-investment in upstream will likely dog oil markets and support prices, with levels similar to current ones in a year’s time, the CEOs of commodity traders Vitol, Gunvor Group and Trafigura said at an industry event Oct. 4. Oil will likely be at $75/b, gas at the Dutch TTF hub, weather ...

Russian crude and condensate output increased by 2.7% on the month to 43.86 million mt — or 10.72 million b/d — in September, according to data released by the Central Dispatching Unit of the Russian Energy Ministry Oct. 2. Russian production is rising as OPEC+ eases production quotas in response to demand increases on the ...

Gas-to-oil switching and improving demand in Asia amid tighter inventories could boost crude prices, currently at a three-year high, through October, before increased supply from the OPEC+ producer grouping and elsewhere limits upside, S&P Global Platts Analytics said in a recent report. The physical Dated Brent crude benchmark assessed by S&P Global Platts hit a ...

Algeria’s Sonatrach set the official selling price (OSP) of its October-loading Saharan blend crude cargoes at Dated Brent flat, it said on Tuesday. This compares with a 55 cent a barrel discount to Dated Brent for September cargoes. Source: Reuters (Reporting by Ahmad Ghaddar; Writing by Shadia Nasralla; Editing by Edmund Blair)

(Bloomberg) -- The discount at which Russia’s flagship crude trades in the global oil market is deepening amid a surprise increase in exports and competitive prices for supplies from Iraq.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ,... | August 12, 2021

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

Low gas stocks and supply constraints support prices in Europe and the US, while oil markets watch for Iran’s return to the international market. Plus, estimates lowered for Russia’s wheat crop, and Texas adds wind and battery storage to its generation resource. 1. Low European gas stocks a concern amid tight global supply and high ...