Tag: crude oil
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Saudi offers more crude to Asian refiners via Oman after pipeline attacks: Sources
SINGAPORE: Saudi Arabia is offering more loadings of crude oil to Asian refiners via ship-to-ship transfer off Oman’s Sohar port after drone attacks damaged its key oil pipeline to the Red Sea, people familiar with the matter said.State oil company Saudi Aramco has offered its flagship Arab Light grade, as we
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Brent crude rises above US$100 a barrel as Middle East conflict intensifies
Brent crude oil futures hit a more than six-week high on Wednesday (Sep 9).
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Commentary: The US-Venezuela oil deal looks like it is built on quicksand
US President Donald Trump’s oil deal with Venezuela is an opaque settlement that may put new elections further out of reach, says Liam Denning for Bloomberg Opinion.
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Commentary: The global oil cushion isn’t really hitting ‘tank bottoms’
As with every financial narrative, the story of the impending oil crisis contains a grain of truth – and ample hogwash, says Javier Blas for Bloomberg Opinion.
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CNA Explains: With the Houthis’ Red Sea threat, is the world running out of detours?
Analysts warn that a simultaneous disruption of two key waterways – the Bab el-Mandeb Strait and the Strait of Hormuz – would put global supply chains under strain.
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Palm rises on stronger rivals, crude oil
KUALA LUMPUR, July 8 : Malaysian palm oil futures climbed on Wednesday, tracking gains in rival edible oils and as crude oil prices rose on fresh U.S.-Iran tensions.The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 21 ringgit, or 0.46 per cent, to 4,568
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CNA Explains: Crude oil prices have fallen. Will petrol prices follow?
Motorists should not expect to pay pre-conflict prices at the pump anytime soon, analysts say.
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Asian stocks fluctuate after Wall Street sell-off, crude holds losses on peace talks
HONG KONG: Asian equities fluctuated on Tuesday (Jun 23) following a tech-led sell-off on Wall Street as investors again questioned a long-running AI-fuelled boom, while crude largely held losses that came on the back of positive US-Iran talks.While Washington and Tehran flagged
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Trump says US will seize Iran’s Kharg Island and other oil terminals
Trump’s social media post comes after the US and Iran traded strikes for a third day, pushing the region closer to the resumption of a full-scale war.
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Hormuz block sparks ‘never seen before’ disruption: Shell CEO
More than 10 per cent of global oil production has been removed from the market since the start of the Middle East war, Shell CEO Wael Sawan told a summit of top business leaders.
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