The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month. The world’s top crude exporter, Saudi A
Brent: Higher prices support Dollar and yields – Societe Generale Societe Generale analysts note Brent has rallied above $110 per barrel, with negotiations over Iran focused on restoring the status quo and reopening the Strait of... Brent: Higher prices support Dollar and
The United Arab Emirates exits OPEC, shaking global energy market The United Arab Emirates (UAE) announces its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+), marking a major turning point for the balance of the global...
The United Arab Emirates (UAE) announces its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+), marking a major turning point for the balance of the global energy market. The United Arab Emirates (UAE) announces its decis
Brent is on its way to record highs The oil market is hoping for the best but bracing for the worst. Brent is on its way to record highs The oil market is hoping for the best but bracing for the worst. Iran has been backed into a corner and the US blockade of the Strait of
🇦🇪 NEW: UAE says it will leave OPEC and OPEC+ effective May 1, per state news agency. 🇦🇪 NEW: UAE says it will leave OPEC and OPEC+ effective May 1, per state news agency. News | Markets | YouTube
The United Arab Emirates is leaving OPEC and OPEC+, effective May 1, the country's state news agency WAM confirmed Tuesday, ending nearly six decades of membership and stripping the cartel of its third-largest producer in one of the most consequential exits in OPEC's history.
Brent above $110 as Hormuz blockade drives Oil higher Brent crude prices rose above $110 per barrel in early Tuesday trading, reaching a three-week high. Brent above $110 as Hormuz blockade drives Oil higher Brent crude prices rose above $110 per barrel in early Tuesday tr
UAE quits OPEC, likely in a protest over the war. UAE quits OPEC, likely in a protest over the war. They will be leaving May 1. Oil fell on this on what's assuredly an algo-driven move. It's quickly reversed. For oil prices for now it's meaningless, as OPEC will be
WTI Oil rises to $98.00 with the US-Iran peace process stalled Crude prices appreciated for the second consecutive day on Tuesday, with the US benchmark West Texas Intermediate (WTI) barrel changing hands at $98.00 at the time of writing, its highest price since April... W