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Saudi Arabia’s production cuts are gradually moving into their third month of existence, creating a level of backwardation that the oil markets hasn't seen in a long time
Intercontinental Exchange, Inc. , a leading global provider of data, technology, and market infrastructure, today announced record trading activity across its ICE Dubai and Murban crude markets, as...
By Muyu Xu, Alex Lawler and Arathy Somasekhar SINGAPORE (Reuters) -Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia,
The widening exports illustrate the increasing influence of crude from the US, the world’s biggest oil producer. Read more at straitstimes.com.
Surging U.S. crude exports in 2023 are pushing down oil prices in Europe and Asia, proving a key source of supply as producers cut output and sanctions on Russian crude disrupt trade flows. ...