Page 38 - Murban News Today

Crude MOC: Cash Dubai slips; Asia tender purchasing continues Benchmark cash Dubai’s premium against Dubai futures dipped at the Asian close March 15 despite continued Asian tender purchases as concerns on demand for medium and heavy grades weighed on sentiment. S&P Global Platts assessed May cash Dubai at a premium of $1.38/b to the same-month Dubai futures at the 4:30 pm Singapore close on March 15, down 12.5 cents/b from the close on March 12. May cash Oman also eased to a premium of $1.39...

Asia crude oil: Key market indicators this week Asia’s crude oil market remained resolute at the start of the week beginning March 15 amid bullish sentiment fueled by improved second-half 2021 outlooks, including OPEC’s revised forecast for H2 2021 oil demand. MIDDLE EAST CRUDE ** Trade activity in the week ahead will focus on buy and sell tenders by Asian refiners and Middle East producers, following the issuance of official selling prices last week. ** Qatar Petroleum issued its Al-Shahee...

The rising premium of North Sea’s benchmark Brent over Dubai crude is making shipment of Brent-linked oil to Asia more expensive and likely to reduce in the coming months

  The Banyak Island group in Indonesias Aceh province will be part of the new resort The United Arab Emirates (UAE) is planning to develop a new tourism resort in Indonesia’s westernmost Aceh province at a planned investment range by private companies of up to $500 million, according to a report in Arab News. Respective agreements have been signed by the two nations during a Jakarta visit of UAE energy and infrastructure minister Suhail Al Mazroui on March 5. The tourism resort development p...

Saudi Aramco has claimed the title of the Middle East’s most valuable brand for the second consecutive year, with a brand value of $37.5 billion.

Abu Dhabi National Oil Co., the UAE’s biggest energy producer, is exploring opportunities to work with South Korea’s GS Energy on blue hydrogen and carrier fuel export such as blue ammonia, the national oil producer said March 4. “ADNOC’s latest agreement with GS Energy reinforces this foundation in low-carbon energy and innovation, through its focus ...

Adnoc removes destination curbs on crude grades ABU DHABI, 24 days ago The Abu Dhabi National Oil Company (Adnoc) said that it will remove destination restrictions on its Murban, Upper Zakum, Das and Umm Lulu crude grades, starting from the first traded contract month of the new ICE Murban Crude Oil Futures Contract. The company also confirmed that Adnoc Onshore, the producer of Murban Crude Oil, has launched a new monthly Murban Export Availability Forecast Report to provide forward visibil...

OPEC+ Is Poised to Cool Oil Market With Extra Production Bloomberg 3/3/2021 Javier Blas, Grant Smith and Salma El Wardany © Bloomberg Oil pumping jacks, also known as "nodding donkeys", operate in an oilfield near Almetyevsk, Tatarstan, Russia. (Bloomberg) -- OPEC+ is poised to agree a production increase this week as it seeks to cool a rapid rally in crude prices. Popular Searches There’s a widespread view within the group that the market can absorb additional barrels, a...

The Abu Dhabi National Oil Company (Adnoc) has announced that it will remove destination restrictions on its Murban, Upper Zakum, Das and Umm Lulu cr...

While the usual differences between Russia and Saudi Arabia are present, all sides are ready to increase production, putting OPEC on track to implement the majority of the 1.5 million barrels per day output increase that’s up for debate on Thursday.