The settlement price of the Brent crude oil futures main contract was $76.12 per barrel, a decrease of $2.64 or 3.4%. The main reason is that Saudi Arabia's comprehensive reduction in crude oil prices has raised concerns about future energy demand in the market, as well as increased ...
Urals Oil 66.89 0.05 0.07% 0.10% 6.01% Nov/15 Related Last Previous Unit Reference United States API Crude Oil Stock Change -0.78 3.13 BBL/1Million Nov 2024 Saudi Arabia Crude Oil Production 8972.00 8975.00 BBL/D/1K Oct 2024 United States Crude Oil Production 13401.00 13206.00 BBL/D/1K Aug...
According to a Reuters report in Dubai on September 6, Saudi Arabia, the world's largest oil exporter, sharply cut its prices for all grades of crude oil to Asian customers in October, but prices for northwestern Europe and the United States remained stable. The sharp price cut comes as a...
Saudi Arabia raised the price of most crude oil sold to Asia and Europe in April, suggesting that it believes oil demand in Asia and Europe will rise, while leaving crude prices sold to the United States unchanged. Although crude oil futures prices have fallen slightly this year, many energy...
Crude oil prices top US$50; Saudi Arabia promises to increase production capacity
State oil giant Saudi Aramco lowered for the first time in four months the official selling price of Arab Light crude for delivery to Asia in October to a premium of $1.70/bbl versus the average of DME Oman and Platts Dubai crudes.
The Exchange Here's how Iranian missile strikes could impact oil prices Tue, Oct 1st 2024 Street Signs Europe Oil prices likely to remain under pressure over the coming months, IEA says Tue, Oct 1st 2024 Economy Saudi Arabia slashes growth forecasts, sees wider budget deficits Tue, Oct 1st ...
Bloomberg reported: "This is the fourth consecutive month that Saudi Arabia has raised the price of crude oil for Asia, proving that the market is getting nervous after Saudi Arabia extended its unilateral production cuts again." ” All crude oil was sold at a 20-cent price hike in the Uni...
Saudi Arabia, the de facto leader of OPEC, will extend its voluntary production cut of 1 million bpd, which has been in effect since July, to the end of Q1 2024. Russia, a leading OPEC ally, will cut its oil exports by 500,000 bpd, up from the current 300,000 bpd, until next Ma...
Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years, the United States still imports about 7 million barrels per day of crude oil. As a result, a tighter global crude oil market and increased global crude oil prices will ultimately increase the pri...