Tag Archives: Reuters International News Agency

Saudi Arabia is ready to offset any supply shortage but it will not act alone to fill the gap.

Pressured by the dollar’s broad strength. the Aussie has slid despite an upbeat budget from the country’s government.

The U.S. move threatens Iran with lower export income and less access to hard currency.

Imports for the first four months of 2018 rose 8.9 percent versus the same period a year ago to 151.43 million tonnes. or 9.21 million bpd.

The Sanchi was carrying the equivalent of nearly 1 million barrels of ultra-light crude. plus its own fuel. to South Korea.

Sanchi was carrying 36.000 tonnes (almost one million barrels) of condensate.

Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.

The U.S. dollar leaped to its highest levels this year against a basket of currencies despite disappointing U.S. employment data for April.

The exclusivity period to discuss the sale contract would go through May 31.

Rosneft was hit hard by U.S. sanctions on Russia over Moscow’s annexation of Crimea and incursion in east Ukraine.