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DUBAI: The Abu Dhabi National Oil company (ADNOC) said on Friday it is completing a rigorous inspection of its Fujairah Main Oil Terminal facility as it works to bring operations back online after unprecedented rainfall and flooding in July. The company is implementing all options in order to ensure uninterrupted export of Murban crude oil including the gradual reinstatement
The August’s new price of a litre of Super 98 petrol will be sold at Dhs 4.03 per litre in all fuel stations.
Middle East oil producers have raised prices of lighter crudes for August delivery, but remain somewhat cautious as fears of demand destruction continue to spook the markets
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude. The most likely stress relief will come from a deceleration in oil consumption as a result of a recession ...