Oil Traders Transfixed as Activity Jumps on Key Mideast Platform
The trading of Middle Eastern oil derivatives on a closely-watched platform that helps set crude benchmarks and shape real cargo flows has soared this mont...
Source: rigzone.com
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Middle East Oil Prices Soar Amid Chinese Trading Frenzy
Middle Eastern oil prices have dramatically surged due to an unexpected increase in demand from Chinese and Asian refiners, shaking the global oil markets.
Source: yahoo.com
Middle East Crude-Benchmarks rise for 2nd straight session
About 10 Very Large Crude Carriers carrying about 20 million barrels of crude loaded from Saudi ports have been stationary for seven or more days
Source: republicworld.com
Brisk Trading of Middle East Oil May Move More US Flows to Asia
(Bloomberg) -- A surge in activity in a key Middle Eastern oil trading window is affecting the cost of the region’s crude against global benchmarks, a factor that’s impacting the viability of long-haul shipments from the US to Asia. Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikT
Source: yahoo.com
Brent may rise toward US$100 per barrel
SINGAPORE: A global shortfall in crude oil supply is set to deepen in the third quarter, as the world’s top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards US$100 (RM457) a barrel by the end of the year, analysts say.
Source: thestar.com.my