Page 6 - Platts Dated Brent News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sources say India will continue to lap up Russian Ural crude available at a discount, while continuing to buy oil from Saudi Arabia

EU plans announced May 4 to halt Russian oil imports by year-end is expected to reshape global energy flows and add to price pressure as buyers race to secure new supplies. Brent crude futures rose by more than 4% in European trading after the announcement and stood at $109.48/b by 11:45 GMT. The move, announced ...

India emerged as the largest buyer of Russian Urals crude in April enticed by hefty discounts, as several of the grade’s regular European customers have boycotted this oil following Russia’s invasion of Ukraine. Urals has been trading at record-lows in recent weeks, with some deals being done at discount of almost $40/b to the Platts ...

Iraq is unable to increase oil exports in response to the surge in global oil prices and Russia-related supply disruptions, Deputy Prime Minister Ali Allawi said April 19 during a visit to Washington, exacerbating the ability of OPEC+ to boost its output to compensate for production shortages that have helped lift prices to nearly $140/b. ...

The European market is awash with light sweet crude, raising fresh questions over the tightness of the oil market gripped by fear around the extent of lost Russian barrels. Tepid demand for premium West African and North Sea grades amid an influx of US crude has left market participants wondering whether concerns over potential supply ...