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2022 will remain a mixed bag for everyone...

Crude oil markets started the Dec. 6-10 trading week higher, with optimism for crude’s near-term outlook building after the release of Saudi Aramco’s January crude official selling prices, which analysts said demonstrated confidence in the market. ICE February Brent crude futures stood at $71.47/b at 0300 GMT Dec. 6, up $1.59/b (2.28%) from the Dec. ...

November-loading heavy sweet crude cargoes have traded at lower prices than for October despite initial expectations of increases on the back of gas-to-oil switching by power utilities amid amid skyrocketing LNG prices, market sources said Oct. 12. Most recently, Petronas was heard to have sold via tender a 600,000-barrel cargo of Sudan/South Sudan’s Dar Blend ...

Upon South Sudan’s independence in 2011, many hoped the country’s oil wealth would help build the state and lift citizens out of poverty. Instead, politicians have shunted these revenues toward patronage and personal enrichment, feeding internal conflict. Transparency and accountability are badly needed.

Asia crude oil: Key market indicators this week Asia’s crude oil market activity in the May 10-14 trading week is expected to pick up steam, although sentiment continues to be weighed down by demand concerns across Asia amid COVID-19 resurgences, which have caused several countries to introduce, or increase lockdown measures. July ICE Brent crude futures were pegged at $68.59/b at 0300 GMT May 10, up 65 cents/b from the 0830 GMT Asian close on May 7. Middle East Crude **Activity in the week ahead will focus on the issuance of buy and sell tenders by Asian refiners and Middle East producers ...