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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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