Category archives: Fuel Oil

Saudis Raise Oil Prices More Than Expected For Asian Markets 06/06/22

Saudis Raise Oil Prices More Than Expected Amid Asia Rebound Saudi Arabia raised oil prices for its biggest market of Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand. The increase for July shipments resumes a streak of hikes that started in February and was only broken when …

Continue reading “Saudis Raise Oil Prices More Than Expected For Asian Markets 06/06/22”

Saudis Ready To Boost Oil Output If Russian Output Drops 02/06/22

Saudis Ready to Pump More Oil If Russian Output Drops, FT Says   Saudi Arabia is prepared to boost oil output should Russian production fall substantially due to increasing sanctions, the Financial Times reported, citing five people familiar with the discussions.   There have been discussions about an immediate increase in output from the Saudis …

Continue reading “Saudis Ready To Boost Oil Output If Russian Output Drops 02/06/22”

Crude Hit A Two-month High On EU Ban And China Reopening 31/05/22

Oil Extends Sixth Monthly Gain as EU Set to Curb Russian Supply Oil headed for the longest run of monthly gains in more than a decade as European Union leaders agreed to pursue a partial ban on imports of crude from Russia while China further eased anti-virus curbs, aiding demand. Brent crude neared $123 a …

Continue reading “Crude Hit A Two-month High On EU Ban And China Reopening 31/05/22”