BUSINESS | Saudi Aramco Cuts July Crude Supplies To At Least Five Buyers In Asia: Sources

RIYADH | SAUDI ARABIA – World’s largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least five buyers in Asia, seven sources said on Monday. The cuts were mainly for medium and heavy grades and were seen at refineries in countries such as China, the sources … Continue reading BUSINESS | Saudi Aramco Cuts July Crude Supplies To At Least Five Buyers In Asia: Sources

BREAKING NEWS | Saudi Crown Prince, Russia’s Putin Discuss Efforts To Stabilize Oil Markets: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s Crown Prince and Russian President Vladimir Putin Reviewed in a telephone conversation on Friday the efforts to achieve stability of energy markets to support the growth of the global economy, Saudi State News Agency (SPA) reported. Crown Prince Mohammed Bin Salman and Putin also reaffirmed the importance of … Continue reading BREAKING NEWS | Saudi Crown Prince, Russia’s Putin Discuss Efforts To Stabilize Oil Markets: SPA

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BREAKING NEWS | Trump Says Had Good Call With Russia’s Putin, Saudi King On Oil

BUCHAREST | ROMANIA – U.S. President Donald Trump said on Thursday he had a good conversation with Russian President Vladimir Putin and Saudi Arabia’s King Salman and expected that OPEC and other countries would be announcing a deal soon. ‘We had a big talks as the oil production and OPEC and making it so that … Continue reading BREAKING NEWS | Trump Says Had Good Call With Russia’s Putin, Saudi King On Oil

BREAKING NEWS | OPEC+ Confirms Agreement On Cuts Of 10 Million Bpd In May, June

BUCHAREST | ROMANIA – OPEC and allied oil producers, a group known as OPEC+, agreed on Thursday to cut output by 10 million barrels per day (bpd) in May and June to help prop up prices battered the coronavirus crisis, the group said in a statement. It said the cuts would be eased between July … Continue reading BREAKING NEWS | OPEC+ Confirms Agreement On Cuts Of 10 Million Bpd In May, June

BUSINESS | OPEC+ Emergency Meeting Likely To Be Postponed To April 8 Or 9: OPEC Sources

Oil Refinery, Chemical & Petrochemical plant abstract at night. BUCHAREST | ROMANIA  - OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9  to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday.