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OECD oil inventories as of March stood 22.8 million barrels above the five-year average.
Read More »OPEC+ Should Keep Oil Cuts. Even with Supply Risks Ahead
Iran Warns Against `Conspiracy by Ill-Wishers` Over `Sabotage` at UAE Port
The suspected attack didn’t lead to any casualties or oil spill.
Read More »Two Saudi Oil Tankers Attacked Near UAE Waters
one of the two Saudi vessels attacked was on its way to be loaded with Saudi crude from Ras Tanura port for delivery to state-owned Saudi Aramco’s customers in the United States.
Read More »Iran Calls Ship Attacks off UAE `Alarming.` Urges Investigation
Saudi Arabia early on May 13 said two of its oil tankers were damaged.
Read More »Saudi`s Big Plans in India
Bilateral trade between Riyadh and New Delhi currently stands at $28 billion.
Read More »China’s Thirst for Saudi Oil
China stepped up purchases of Saudi oil in the first four months of this year.
Read More »Saudi Aramco Raises All June Asia-Bound Crude OSPs by $0.40-$1.20 b from May
The June Medium grade price differential was the highest since December 2013.
Read More »S.Arabia. UAE Unable to Increase Oil Production
Enemies are waging a psychological war against Iran.
Read More »Saudi Oil Exports below 7 Million bpd Till End of May
Saudi'.s oil production would be much lower than 10 million bpd until the end of next month.
Read More »Trump Wants Cheap Oil. but ‘Saudis Need Higher Prices’
Saudi Arabia’s fiscal break-even could be as high as $95 per barrel this year.
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