Saudi Aramco Makes Rare Spot Sales as Gulf Crude Exports Hit Post-War Peak

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Commodities: Oil Bounces On Persian Gulf Re-Escalation

UAE crude exports hit record after OPEC exit

The United Arab Emirates (UAE) ramped up crude oil and condensate exports to a record high in June, preliminary ship‑tracking data from Kpler and Vortexa showed, marking a surge that followed its departure from the Organization of the Petroleum Exporting Countries (OPEC), Reuters reported. UAE crude oil and condensate exports have averaged around 3.7 million [] The post UAE crude exports hit record after OPEC exit first appeared on Egypt Oil Gas.

Gulf oil exports jump in June on record UAE flows

Gulf oil exports jump in June on record UAE flows

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt

ALBAWABA- Major Gulf oil producers are rapidly ramping up crude exports as regional shipping routes recover, with Saudi Arabia restarting loadings at its critical Ras Tanura terminal after a nearly four-month suspension, while Kuwait and Qatar also boost output amid improving security conditions in the Strait of Hormuz...

Oil prices firm as US-Iran clashes disrupt key shipping lane

Crude prices edge higher as geopolitical risks disrupt Middle East supply routes. The post Oil prices firm as US-Iran clashes disrupt key shipping lane appeared first on BOL News.

Dangote Refinery imports first crude from UAE

The Dangote Petroleum Refinery has purchased two cargoes of crude oil from the United Arab Emirates, UAE. SP Global Commodity Insights reports that the latest crude import from the UAE is the first-ever procurement of Middle Eastern crude as the plant expands its feedstock sources amid persistent domestic supply constraints from Nigerian National Petroleum Company [] Dangote Refinery imports first crude from UAE

Why Lower Oil Prices Don’t Match the Continued Drawdown in Global Inventories

Oil entered early July trading caught in one of the strangest contradictions in commodity markets: global inventories are still being drawn down, U.S.-Iran skirmishes have not fully faded, and yet prices keep sliding. Crude has now fallen back to levels seen before the war broke out, with traders focusing more on weakening demand than on [] The post Why Lower Oil Prices Don’t Match the Continued Drawdown in Global Inventories appeared first on Egyptian Gazette.

Hormuz peace deal shaken after reported IRGC attack on cargo ship, oil prices jump

Crude oil prices edged higher and caught global markets flat-footed on Thursday after Iran’s Islamic Revolutionary Guard Corps attacked a Singapore-flagged cargo ship in the Strait of Hormuz, according to a report from the Wall Street Journal, citing two senior U.S. officials. The incident blindsided investors who had expected a period of cooling geopolitical tensions. []...Click to read more

The Commodities Feed: Oil bounces on Persian Gulf re-escalation

ASIA/PACIFIC: Re-escalation in the Persian Gulf has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

UAE crude exports surged 30 to nearly 3.9 million barrels per day in June, approaching highs not seen since 2017, as the Emirates leverages its Hormuz bypass infrastructure and its May exit from OPEC. Goldman Sachs now warns the Gulf's recovery pace risks flooding markets just as Brent slides toward 70.

Oil climbs following renewed US, Iran strikes in Middle East

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed talks, analysts caution that a full recovery of Gulf oil supply could take months due to lingering issues. Saudi Aramco has resumed loadings, but a recent helicopter crash adds to the complex situation.

The price of oil shipping is nine times higher

The price of oil shipping is nine times higher

Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk

Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in and around the Persian Gulf and the Trump administration revoked a waiver that allowed the sale of Iranian oil in retaliation for attacks on three tankers in the Strait of Hormuz, a crucial conduit for the world’s energy flows. U.S. Central Command []

Oil prices jump after renewed Middle East escalation

Global oil prices surged by more than 3 on Wednesday after the United States launched strikes against Iran in response to attacks on three oil tankers in the Strait of Hormuz. The price of Brent crude rose 3.2 to US76.54 per barrel in Wednesday morning trading, while West Texas Intermediate (WTI) crude also climbed 3.2 [] The post Oil prices jump after renewed Middle East escalation appeared first on Baltic News Network.

Oil Is Flowing Out of the Gulf. Everything Else Is Up in the Air

Oil Is Flowing Out of the Gulf. Everything Else Is Up in the Air

UAE record exports lift Middle East oil shipments above 10 mln bpd

LONDON, U.K.: Gulf oil exports rebounded sharply in June, rising above 10 million barrels per day as shipping through the Strait of Hormuz recovered, with the United Arab Emirates leading the increase through record crude exports. Combined crude and condensate exports from Saudi Arabia, the UAE, Kuwait, Iraq and Iran climbed by more than 3.5 million barrels per day from May to 10.07 million barrels per day, acco

Saudi Arabia sent largest oil shipment in four months through Hormuz

This indicates an increase in Saudi Arabia's oil exports after the United States and Iran agreed in June to resume maritime transit through the Strait of Hormuz, Bloomberg said

Saudi Supertankers Exit Hormuz in Kingdom’s Biggest Oil Flow Since Iran War Truce

Saudi Arabia is exporting the most crude from inside the Persian Gulf since the Iran war blocked the Strait of Hormuz, as producers across the region boost shipments following an interim peace deal between Washington and Tehran.

Harga minyak mentah jatuh ke paras sebelum krisis di Asia Barat

PETALING JAYA: Harga minyak mentah jatuh ke paras sebelum krisis dan trend tersebut dijangka berterusan dalam tempoh terdekat susulan langkah pengurusan risiko pasaran yang proaktif serta pemulihan pantas rantaian bekalan dari Asia Barat. Kontrak niaga hadapan minyak mentah Brent kini menghampiri paras AS72 setong, manakala penanda aras Amerika Syarikat (AS), West Texas Intermediate (WTI) berada ... Read more The post Harga minyak mentah jatuh ke paras sebelum krisis di Asia Barat appeared first on Utusan Malaysia.

Up 24% in 1 Month Amid Falling Fuel Prices, Is Carnival Still a Strong Buy Before June 23?

The global cruise company is benefiting from record bookings and now falling oil prices.

European Union: Oil Flows from Middle East Recovering

European Union: Oil Flows from Middle East Recovering

Cooling Middle East Tensions Lift Markets and Pressure Oil – Comments from Century Financial

Crude Oil WTI is trading around 70.77 (-0.9) in early Asian hours, while Brent is hovering near 73.75 (-0.4), as easing geopolitical tensions between the U.S. and Iran continue to weigh on crude prices. Markets have largely priced in the prospect of renewed diplomacy after both sides agreed to halt attacks and resume technical talks [] The post Cooling Middle East Tensions Lift Markets and Pressure Oil – Comments from Century Financial appeared first on Middle East News 247.

Iraq’s 14 million barrels of trapped oil travels through Strait of Hormuz

Iraqi oil stranded by the Middle East conflict has escaped the Persian Gulf over the past ten days as transit via the Strait of Hormuz eased during an uneasy US-Iran ceasefire. Vessels carrying about 14 million barrels of Iraqi oil exited the Gulf in the latter part of June and are now carrying crude to buyers in Asia, Europe and the US, according to tanker tracking data compiled by Bloomberg. That is the equivalent of about 1.4 million barrels a day over the 10-day period. All cargoes loaded...

Venezuelan crude exports more than double

Venezuela’s seaborne crude exports have more than doubled this year, providing a fresh source of tanker demand and increasing South America’s importance in global oil trade flows. According to Signal Ocean data, Venezuelan crude liftings have risen for six consecutive months, climbing from around 620,000 barrels per day in January to approximately 1.5m barrels per

Oil prices spike after Trump declared ceasefire with Iran ‘over’

Oil prices soared after the United States launched strikes against Iran and President Donald Trump declared the ceasefire “over.” After U.S. Central Command announced new strikes against Iran, Brent Crude jumped over 3.2 to 76.48-76.54 per barrel. U.S. benchmark West Texas Intermediate similarly jumped 3.2 to around 72.72 per barrel. The situation worsened after Trump []

Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

Oil prices have jumped and Asian shares are mostly lower after the U.S. carried out airstrikes and Iran retaliated.

U.S. oil reserves rise significantly amid rising war danger in Gulf

Commercial crude oil inventories in the United States increased, according to data released by the U.S. Energy Information Administration (EIA), AzerNEWS reports.

'Natural leak' of oil detected in the St. Lawrence

Scientists observed oil rising from the seabed in the heart of the Gulf.

Crude price fall: FCCPC frowns at exploitation in oil market, to sanction profiteers

The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over findings from an ongoing surveillance of the downstream petroleum market suggesting undue exploitation of consumers. In its statement, FCCPC stated that a review of the gantry prices of local refiners, marketers, depot operators and retail outlet operators revealed token reductions in prices that The post Crude price fall: FCCPC frowns at exploitation in oil market, to sanction profiteers appeared first on Dateline Nigeria.

OPEC+ boosts oil production as Gulf exports recover

Seven OPEC+ producers have agreed to increase oil production from August, signalling confidence that Gulf exports are recovering after months of disruption caused by the Middle East conflict. The move comes as shipping through the Strait of Hormuz gradually returns to normal.

Damage to a pipeline has led to pollution of the Caspian Sea.

An oil slick has been discovered between Pirallahi Island and the village of Dubendi in the Caspian Sea. It is believed to have been caused by an anchor damaging a pipeline. The State Oil Company of Azerbaijan reported that oil supplies had been halted. Experts from the Transparent World project reported three possible sources of contamination in the Caspian Sea, two of which were in Russian territory.

Oil prices jump more than 6% after Trump says Iran deal is “over”

London, July 8 (SANA) Oil prices rose more than 6 on Wednesday, hitting their highest levels in two weeks after U.S. President Donald Trump said the deal with Iran to end the conflict was “over,” raising concerns over crude supplies from the Middle East. According to Reuters, Brent crude futures gained 6.16 to 78.73 a []