Middle East Producers Eager To Hike Prices As Russian Oil Ban Looms
Despite some headwinds in Asian markets, Middle East producers continue to hike OSPs as Europe considers a full oil embargo on Russian crude
Source: oilprice.com
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Asia crude oil: Key market indicators for April 18-22 | Hellenic Shipping News Worldwide
Crude oil prices are expected to be weighed down in the week ending April 22 amid supply disruptions in Libya and the prospect of further reductions in Russian oil supply amid rising Ukraine tensions. Front-month June ICE Brent crude futures stood at $112.55/b at 0240 GMT April 18, up 85 cent/b from settlement on April ...
Source: hellenicshippingnews.com
Saudi Arabia Hikes Oil Prices Despite Record Discounts For Russian Crude
Middle East oil producers continue to hike their prices despite the fact that heavily-discounted Russian crude is making its way to the same, heavily contested Asian market
Source: oilprice.com
Russian oil seeps into global market to ease supply fears for now
For now, traders appear to be taking the view that the flow of Russian oil indicates that the market won’t be as tight as first thought.
Source: japantimes.co.jp
Russian Oil Seeps Into Global Market to Ease Supply Fears for Now
(Bloomberg) -- Millions of barrels of Russian oil are still finding a way to buyers almost a month after the country first invaded Ukraine, tempering concerns that a sanctions backlash would all but choke off supply and cause the market for physical cargoes to overheat.
Source: bloombergquint.com