crude oil

Saudi Arabia’s crude production increased by 13,000 barrels per day in April to reach 8.99 million, according to an analysis from the Joint Organizations Data Initiative. The data indicated that exports over the same month saw a decline…
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Oil prices eased on Friday as markets evaluated the impact of US interest rates staying higher for longer than anticipated, but crude benchmarks headed for their best week in more than two months after solid projections for crude and fuel…
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Oil prices ticked higher on Wednesday amid upbeat global demand views from the US Energy Information Administration and OPEC, reinforced by industry data showing US crude oil inventories fell more than expected last week, according to…
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Saudi Aramco has slashed July’s official selling price for the flagship Arab Light crude it sells to Asia, according to an official statement. Differentials for the flagship Arab Light grade were priced at Platts Dubai/DME Oman +$2.40…
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Oil prices fell in Asia on Friday as comments from a Federal Reserve official bolstered expectations of rates staying higher for longer, a view that will be tested later in the day with a keenly-awaited US inflation report, according to…
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Saudi Arabia’s crude exports reached 6.41 million barrels per day in March, according to an analysis from the Joint Organizations Data Initiative. This figure increased by 96,000 bpd, or 1.52 percent, compared to the previous month,…
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Saudi Aramco raised June’s official selling price for the flagship Arab light crude it sells to Asia, according to an official statement. Differentials for the flagship Arab Light grade were priced at Platts Dubai/DME Oman +$2.90 per…
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Saudi Arabia and the UAE provided 85 percent of Japan’s total crude oil needs in March, according to the Agency of Natural Resources and Energy of the nation’s Ministry of Economy, Trade and Industry. A further 10 percent of Japan’s…
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Saudi Arabia’s crude production reached a seven-month high of 9.01 million barrels per day in February, data from the Joint Organizations Data Initiative showed. This represented a rise of 55,000 bpd or 0.61 percent compared to the…
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Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly losses amid expectations of fewer US interest rate cuts this year,…
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