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Saudi Arabia Raises Arab Light Prices For Asia

Saudi Arabia has raised the official selling price (OSP) for Arab light for Asia by $0.45/bbl m/m to $3.00/bbl for July, following the June 4 announcement that OPEC+ would extend production cuts until 2024

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Russia Sees Oil & Gas Tax Revenue Shed 36% In May

Lower crude oil prices, Western sanctions and European push for energy independence combined to shave 36% off Russia’s oil and gas tax collection for last month, compared to a year ago

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Despite Soaring Inflation, EU Says Won t Extend Emergency Energy Measures

Emergency energy price measures implemented by the European Union in 2022 will not be extended further, the European Commission said on Monday

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Jaguar Recalls Thousands Of I-Pace EVs Over Fire Risk

Jaguar Land Rover (JLR) is recalling 6,400 I-Pace electric SUVs delivered to the US because the high-voltage electric battery may overheat and catch fire

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Reuters Survey: OPEC Output Down 460,00 BPD This Month

A Reuters survey on Wednesday shows a drop in OPEC oil output for May following voluntary production cuts by OPEC+ said to help support the market

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