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Crude price
Oil Price
Saudi Arabia Cuts Feb Arab Light Crude Price to Asia to 27-Month Low
Top oil exporter Saudi Arabia on Sunday cut the February price of its flagship Arab Light crude to Asian customers to the lowest level in 27 months, a company s…
Oil Price
Global oil prices rise following Hamas-Israel conflict
A recent analysis by Nairametrics on global crude prices reveals an upswing in oil prices following the Hamas attack on Israel.This is a tragic event that resul…
Oil Price
Iran Raises August Light Crude Price to Asia - Source
Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $3.15 a barrel above the Oman/Dubai average for August, a…
Oil Price
Saudi Arabia Goes It Alone at OPEC+ With Million-Barrel Cut
Sausi Arabia's Prince Abdulaziz bin SalmanSaudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest…
Oil & Gas Supply
India Revises Gas Pricing Mechanism With Link to Crude
India has approved a revised natural gas pricing mechanism under which domestically produced gas will be benchmarked to 10pc of global crude prices and revised …
Oil Price
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …
Oil Price
Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’
Crude prices have fallen in recent weeks on fears of a global economic slowdown.
Oil Price
Oil Rallies on Supply Fears and Tight Market
A force majeure declaration by Russia's Gazprom and a disruption to the Keystone pipeline between Canada and the US have boosted crude prices
Crude Oil
Oil Jumps After Saudi Arabia Hikes Crude Prices
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.
Crude Oil
Crude Prices Fall as Optimism Grows on Russia-Ukraine Peace Talk
Crude oil futures were lower in Asian trading March 14 as Russia-Ukraine peace talks continue even as attacks increase in western Ukraine near Poland.
Crude Oil
Can OPEC Help Manage the Ongoing Crude Price Rally with Its Spare Capacity?
The group needs to reassure consumers as to how much spare capacity it holds and that it is ready to use it in an emergency.
Crude Oil
US Shale Investors Worry over Impact of Output Jump
US shale oil investors are concerned that quickly ramping up production to capture soaring crude prices could upset confidence in the steady growth business mod…
Oil Price
Want Lower Oil Prices? First You Need Higher Ones
There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not …
Oil Price
Unmoved by Surging Oil Prices, OPEC+ Delegates Say Another Modest Output Hike on Tap
OPEC and its allies, including Russia, remain on track to approve a 400,000 b/d production hike for April, according to delegates, insisting that no oil supply …
Oil Price
UAE Fuel Prices Increase by 11% in March; Cross Dh3-Mark Per Litre
The UAE on Monday increased oil prices for March 2022 by up to 11 per cent per litre as compared to February, in line with the surge in global crude prices due …
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