Oil markets

Crude Oil
Basrah Crude Prices Surge Over 5% as Oil Markets Recover
Basrah crude oil prices climbed more than 5%.Basrah Heavy crude increased by $3.74, or 5.08%, to $77.30 per barrel, while Basrah Medium crude climbed by $3.79, …
Crude Oil
OPEC Oil Production Falls as UAE Leads Supply Cuts
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply…
LNG
IEA Says Global Oil Market Faces a Million-Barrel Glut Next Year
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the…
Oil&Gas Drilling
India Defers $602 Million Plan to Fill Parts of Strategic Petroleum Reserve
India has deferred a 50-billion-rupee ($601.78 million) plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets, t…
Oil & Gas Trade
Saudi Arabia, Japan Seek Stable Global Oil Markets, Energy Supply
Saudi Arabia and Japan underlined the need to support stable global oil markets and secure stable global energy supply by promoting dialogue between oil produce…
Oil&Gas Drilling
Saudi Output Cuts Helping Drive up Global Oil Markets
General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File PhotoPrices for sour crude…
Oil Price
Oil Prices Drop as China’s Surging COVID-19 Cases Raise Demand Concerns
Countries are imposing travel restrictions on the world's largest crude importerPump jacks in Argentina. The outlook remains highly uncertain for oil market…
Saudi Arabia
Saudi, Iraqi Energy Ministers Meet, Review Oil Markets
The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.
Crude Oil
Oil Shortage Forecasts Clash With Grim Economic Projections
Oil markets can’t seem to choose which direction to head.
OPEC
OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister
The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its…
Crude Oil
APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil
OPEC
Putin Calls Saudi Crown Prince to Discuss Oil Market, OPEC+
Putin and MBS discuss OPEC+ and oil markets in phone call.
Crude Oil
Japan and Saudi Arabia to Work Toward Stabilizing Crude Oil Markets
Prime Minister Fumio Kishida and Saudi Arabia’s Crown Prince Mohammed bin Salman agreed Thursday to bolster cooperation on stabilizing global crude oil markets…
Oil Price
OPEC Has No Control over Events Roiling Global Oil Markets
OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for the loss of Ru…
Crude Oil
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows conf…

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Oil markets

Basrah Crude Prices Surge Over 5% as Oil Markets Recover

OPEC Oil Production Falls as UAE Leads Supply Cuts

IEA Says Global Oil Market Faces a Million-Barrel Glut Next Year

India Defers $602 Million Plan to Fill Parts of Strategic Petroleum Reserve

Saudi Arabia, Japan Seek Stable Global Oil Markets, Energy Supply

Saudi Output Cuts Helping Drive up Global Oil Markets

Oil Prices Drop as China’s Surging COVID-19 Cases Raise Demand Concerns

Saudi, Iraqi Energy Ministers Meet, Review Oil Markets

Oil Shortage Forecasts Clash With Grim Economic Projections

OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister

APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles

Putin Calls Saudi Crown Prince to Discuss Oil Market, OPEC+

Japan and Saudi Arabia to Work Toward Stabilizing Crude Oil Markets

OPEC Has No Control over Events Roiling Global Oil Markets

Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows