- Saudi diesel imports from Russia, exports to Singapore hit records
May 30, 2023
Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data ...
- Saudi Arabia Snaps Up Russian Diesel and Sends Its Own to Europe
May 25, 2023
Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows, while simultaneously sending its own supplies back to buyers in the EU.
Read Article
- U.S. WTI Midland cargoes prep to be delivered vs dated Brent -report
May 24, 2023
About 350,000 barrels per day of U.S. crude is lining up to be delivered versus the international Brent benchmark, consultancy Facts Global Energy estimated, as WTI Midland becomes the first non-North Sea grade to be included in the worl...
- Underinvestment in oil and gas sector could cause market volatility, says Opec chief
May 22, 2023
Underinvestment in the oil and gas industry could lead to increased oil market volatility, Opec secretary general Haitham Al Ghais said on Monday as he urged the industry to ensure that the energy transition is inclusive.
Read Article
- Seven Years Late, Nigeria’s Mega Oil Refinery Opens With a Whimper
May 22, 2023
The long-awaited opening — seven years late — of a giant new oil refinery in Nigeria is looking a lot like a ribbon-cutting exercise.
Read Article