Abu Dhabi National Oil Co. is selling a bumper volume of crude originating from inside the Persian Gulf to traders and refiners in Asia, in the first tenders of their kind for such grades since the Iran war began.
Abu Dhabi National Oil Co. is selling a bumper volume of crude originating from inside the Persian Gulf to traders and refiners in Asia, in the first tenders of their kind for such grades since the Iran war began.
Saudi Arabia cut the price of its main crude grade to Asia for a second straight month, though the premium for barrels to the kingdom’s largest market remained near the highest in decades.
Saudi Arabia cut the price of its main crude grade to Asia for a second straight month, though the premium for barrels to the kingdom’s largest market remained near the highest in decades.
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started, the latest indication of rising oil flows through the Strait of Hormuz.
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started, the latest indication of rising oil flows through the Strait of Hormuz.
An oil refinery in Kuwait City. Photographer: AFP/Getty Images
India’s fuel exports tumbled to the lowest level in nearly four years in May as a push to ensure domestic supplies during the Iran war shock along with refinery maintenance curbed overseas flows.
India’s fuel exports tumbled to the lowest level in nearly four years in May as a push to ensure domestic supplies during the Iran war shock along with refinery maintenance curbed overseas flows.
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