Page 7 - Murban News Today

Crude prices have continued to see support from ongoing tensions in the Middle East, and despite a reversal in crude prices, the overall supply picture remains tight

The event saw the participation of over 150 dealers of lubricant oils from the UAE

The spike is not yet showing up at the pump, but fears of a regional conflict are driving up key crude benchmarks.

The spike is not yet showing up at the pump, but fears of a regional conflict are driving up key crude benchmarks.

Asian buyers are snapping up October supplies of Forties crude oil, according to LSEG and Kpler data and three trading sources, driving prices for the North Sea grade to their highest in 14 months. ... -October 11, 2023 at 12:59 pm EDT - MarketScreener

Surprisingly, the anticipated OSP increase for Saudi crude to Asia didn’t materialize, with Saudi Arabia becoming more cautious not to destroy demand in its key market

Russian oil producers supplied their first cargoes of CPC Blend crude to the United Arab Emirates (UAE) in August and September, four traders told Reuters, opening up a new export route as Moscow looks to find new customers and skirt Western sanctions. Moscow has found new markets for its oil despite sanctions imposed by G7 countries since the start of the war in Ukraine, which Moscow calls a special military operation. The world's third largest oil exporter, Russia has rer...

Russian oil producers supplied their first cargoes of CPC Blend crude to the United Arab Emirates in August and September, traders told Reuters, opening up a new export route as Moscow looks to... -September 20, 2023 at 09:51 am EDT - MarketScreener

Premiums for physical barrels are surging, with supplies from the Middle East, Azerbaijan and even Russia commanding premiums as refiners clamber to make diesel.

Across the world, premiums for physical barrels are surging. Read more at straitstimes.com.