Page 10 - Murban News Today

The rollover of Saudi oil output cuts into August and a visibly tighter market have finally led to more bullish sentiment in markets, leading to higher Middle East crude prices

Asian refiners have booked near-record volumes of U.S. crude to be shipped in August, replacing Middle Eastern oil, as competitive prices and ample supplies attracted heavy buying, according to trade...

(Bloomberg) -- Prices of dirtier, sludgier oil in Asia are surging, flipping the premiums usually commanded by lighter crudes and offering further evidence that Saudi Arabia’s prolonged supply cuts are tightening the market.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes Temporary Control of Danone, Carlsberg AssetsUPS Union Asks Biden Not to Intervene in Case of StrikeHistory...

Seven Core Crude Oil Grades to Help Purchasers Measure Cost of Emissions Offsets NEW YORK and LONDON , July 17, 2023 /PRNewswire/ -- S&P Global Commodity Insights, the leading independent provider...

Prices of dirtier oil in Asia are surging, offering further evidence that Saudis prolonged supply cuts are tightening the market.

The trading of Middle Eastern oil derivatives on a closely-watched platform that helps set crude benchmarks and shape real cargo flows has soared this mont...

Middle Eastern oil prices have dramatically surged due to an unexpected increase in demand from Chinese and Asian refiners, shaking the global oil markets.

About 10 Very Large Crude Carriers carrying about 20 million barrels of crude loaded from Saudi ports have been stationary for seven or more days

(Bloomberg) -- A surge in activity in a key Middle Eastern oil trading window is affecting the cost of the region’s crude against global benchmarks, a factor that’s impacting the viability of long-haul shipments from the US to Asia. Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New ...

SINGAPORE: A global shortfall in crude oil supply is set to deepen in the third quarter, as the world’s top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards US$100 (RM457) a barrel by the end of the year, analysts say.