Key producers of OPEC+ countries have reached a preliminary deal on gradualy oil output until December and extension of their pact until end of 2022, an OPEC+ source told Reuters on Sunday. OPEC+ hold an online meeting later on Sunday.
Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of July – loading crude to its Asia customers, five sources with knowledge of the matter told Reuders on Friday. OPEC+ agreed in April to gradually ease oil output cuts from May to July and confirmed the decision at a meeting on June … More Saudi Arabia To Supply Full July Crude Oil Volumes To Buyers In Asia – Sources
Saudi Aramco has hired a large group of banks to arrange its inaugural issaunce of U.S. dollar – denominated sukuk, a document showed on Monday, as it seeks cash to fulfill large commitments to its major shareholder, the Suadi government. The banks will arrange fixed income investor cals starting on Monday, the document from one … More Saudi Aramco Mandates Banks For Inaugural Dollar Sukuk
Top oil exporter Saudi Arabia is expected to slightly increase its July official selling prices (OSPs) of light crude for Asia, as margin weakness and demand uncertainty cap the upside despite stronger crude benchmarks, a Reuters survey showed. Sources at five Asian refiners on average expected the July OSP for Saudi flagship grade Arab Light … More Saudi Arabia Expected To Raise July Light Crude Prices For Asia – Survey
A pipeline belonging to an Israeli state – owned energy company was hit in a rocket attack from Gaza late on Tuesday, an Israeli government official and an energy sector official told Reuters. Vide broadcast by Channel 12 showed flames rising from what appeared to be a large fuel vat near the Israeli Mediterranean city … More Israeli Energy Pipeline Hit Gaza Rocket Attack, Sources Say
Saudi Arabia and Russia have difference over a potential deal among OPEC+ oil producers that could ease curbs on supply starting in April, a source told RIA news week. The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, are likely to ease curbs on supply after April given a … More Russia, Saudi Arabia At Odds Over Output Deal Ahead Of OPEC+ Meeting – RIA Cites Source