Tag: Saudi
Saudi, Russian Crude Cuts Hurt Tanker Shipping Again
Tanker shipping takes another hit from Saudi, Russian crude cuts, writes Greg Miller for Freight Waves.
The latest demand blow is seen as temporary; hopes...
Oil Export Plunge Deepens: Saudi Arabia’s 12% Drop
By agreeing to an additional voluntary production cut within OPEC (Organization of the Petroleum Exporting Countries) of 500,000 barrels per day in May and...
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...
Saudis Reduce Oil Prices To Gain Asian Orders
Oil extended losses after Saudi Arabia slashed crude prices for Asian buyers.
It is raising the prospect of fierce competition among sellers as...
Maersk Cautions Customers Over Risk of Exporting Goods
Maersk warns its customers that goods exported to Saudi Arabia from Turkey are very likely to be barred from entry.
The allegations regarding...
Strong Crude Structure Enables Release of Crude from Floating Storage
There has been a strengthening in the Middle East's Dubai crude market structure.
Several million barrels of the Middle East sour crude from...