Tag: crude
International Holding Company Acquires 2 VLCCs Worth $110m
Al Seer Marine, a subsidiary of Abu Dhabi-based International Holding Company, bought two very large crude carriers worth Dh404 million ($110m) as the company...
Oil Tanker Stocks To Keep An Eye On
Market experts consider rising inflation and the Ukraine crisis as the two biggest market risks this year. Runaway inflation has been corroding asset values,...
Early Surge on Saudi OSP Hike
Crude oil futures edged higher in mid-morning trade in Asia June 6 after surging by more than $2/b at the open, as Saudi Arabia...
Fuel Oil Market Expected To Maintain Record-High Levels Of Prices
The Singapore marine fuel oil market is expected to maintain record-high levels of prices over the May 30-June 3 trading week due to supply...
EU Agrees Compromise Deal To Ban Russian Oil Imports
EU Council President Charles Michel said in a Tweet the new sanctions will immediately impact 75% of Russian oil imports. After the initial proposal,...
Asian Middle Distillates Complex Was Expected To See Support
The Asian middle distillates complex was expected to see support over May 30-June 3 amid tight supply availability, particularly for jet fuel as opened...
How The Ban on Russian Crude Is Redefining The Global Market?
EU plans announced May 4 to halt Russian oil imports by year-end is expected to reshape global energy flows and add to price pressure...
Federal Oil Exports Rise 4%
Exports from southern oil terminals stood at 3.270 million b/d in April, up 2.3% from a month earlier.
Exports of Kirkuk crude via...
Crude Rises on China’s Financial Stimulus
Crude oil futures climbed in mid-morning Asian trade April 27, extending overnight gains, as China announced a fresh wave of financial stimulus, which helped...
April Crude Runs To Hit Two-Year Low
China's crude throughput is set to reach a two-year low in April as state and independent refiners have slashed runs because of the latest...