Crude Oil Price Market

Saudi, UAE Join Push for SE Asian Oil Reserves

Saudi Arabia and the United Arab Emirates will support a Japanese initiative to bolster oil supplies in Southeast Asia after war-driven disruptions heightened concerns...

Oil Advances Amid War and Hurricane Risks

Oil ticked higher as the prospect of a wave of Russian diesel hitting global markets competed with mounting supply risks, from fresh tanker attacks...

FG’s 30-day petrol discount sparks opposition backlash

Former Vice President Atiku Abubakar, the Obidient Movement, the Nigeria Democratic Congress and the presidential campaign organisation of Oyo State Governor Seyi Makinde have...

Brent Once Again Toiling Around $100 Mark

The price of the global crude benchmark, Brent, is once again toiling around $100 per barrel as its reasons for trading much beyond the...

Vitol CEO Says Oil Inventories in West Have Been Exhausted

Oil inventories in western countries have been exhausted as a result of the Iran war, the boss of the world’s largest independent oil trader...

OPEC Holds Meetings With 2nd, 3rd Biggest Oil Consumers

In statements posted on its website recently, OPEC revealed that it held meetings with the second and third biggest oil consumers in the world. OPEC...

US imports of Venezuela oil top 700,000 b/d in July

US crude imports from Venezuela continued to ramp up in July, rising by 11pc from the prior month, with refiner Valero as the top...

Oil, gas industry can deliver more emission cuts: OGCI

Major oil and gas companies meeting their 2025 carbon and methane intensity targets shows the wider industry can deliver further emissions reductions from operated...

China Fuel Exporters Cancel Some Cargoes

Chinese fuel exporters have canceled some oil-product cargoes slated for export in October, as Asia's top consumer prioritizes domestic supply during an extended period...

Oil Risk Premium Is Becoming Structural

In a report sent to Rigzone by the Standard Chartered Bank team late Monday, the company’s Energy Research Head, Emily Ashford, outlined that there...

Oil Slides on Saudi Supply Relief

Oil fell as top exporter Saudi Arabia boosted flows through a key pipeline, overshadowing concerns over a US-Iran stalemate. Brent futures slid to settle below...

Brent Oil Up Over 3 Percent in Intraday Trading

Brent oil was up more than three percent in intraday trading on Monday. In a market quick take posted on its website today, Saxo Bank...

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