Tag Archives: The Star Online

U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015.

North Korea has already exceeded the annual cap allowed for oil imports.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

Trump unveiled a 25 percent tariff on a list of strategically important imports from China. including cars. promising further measures if Beijing struck back.

The producers meet on June 22-23 in Vienna and will discuss a gradual easing of the supply cut.

In the currency market. the euro bounced back from a low of $1.1646 touched on Friday to trade at $1.1685.

Other Chinese refiners are looking to reconfigure their plants so they could buy and process U.S. oil. one trade source said.

Saudi Arabia’s own 10-year U.S. dollar sovereign bond currently yields more than 4 percent.

The discovery in Gabon is an encouraging development for Petronas.

Oil will trade at $50 to $60 a barrel for the ``medium term.`` the IMF said.