The world's oil-price benchmark is being radically reformed
Will the new Brent avert chaos? | Finance & economics
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Will the new Brent avert chaos? | Finance & economics
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As Middle Eastern producers were thinking of formula prices for their cargoes loading in June, they did not necessarily see the scope of the macroeconomic headwinds that they were up against
About 350,000 barrels per day of U.S. crude is lining up to be delivered versus the international Brent benchmark, consultancy Facts Global Energy estimated, as WTI Midland becomes the first non-North Sea grade to be included in the world's most important oil benchmark.
KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd, which posted a net profit of RM108.7mil in the first quarter ended March 31 (1Q23), will continue to leverage on its strengths and work on sustaining this positive momentum.