Tag: crude oil
Oman Oil Price Rises By 1.18 US Dollar
Muscat: Oman oil price (July Delivery 2021) today reached 68.43 US Dollars, comprising a rise of 1.18 dollars from the price of yesterday (Monday),...
UAE oil reserves reach 97.8b barrels in 2019
(WAM) - The UAE’s overall crude oil reserves reached 97.8 billion barrels in 2019, according to figures released today by the Federal Competitiveness and...
Lost in Oil’s Rally: $2 Trillion-a-Year Refining Industry Crisis
(Bloomberg) -- Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use:...
Abu Dhabi Selling Triple-Tranche Bonds; US$25bln Worth Orders Already In: Sources
Abu Dhabi is said to have already received more than US$25 billion in combined orders for a planned issue of dollar-denominated bonds, which it...
Fujairah bunker fuel stocks hit 5-week high
FUJAIRAH, 1st April, 2020 (WAM/S&P Platts) -- Oil product stockpiles in the Middle Eastern hub of Fujairah climbed 8.1 percent over the week of...
Rupee Nears Record Low, India Stocks at Bear Brink on Virus Rout
(Bloomberg) -- The Indian rupee slid to near a record low and equities approached a bear market as continued worries over the economic impact from...
DME Oman to Price Kuwaiti Crude Oil from February 2020
Dubai Mercantile Exchange (DME) announced that Kuwait Petroleum Corporation (KPC) will use the DME Oman Futures contract as a price reference for Kuwaiti crude...
Kuwait Could Agree in Days With Saudis on Neutral-Zone Oil
(Bloomberg) --Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output in the shared neutral zone...
Oil’s 2019 Milestones Tell Decade’s Story of Energy Abundance
(Bloomberg) --Global oil markets notched up a number of milestones this year that echoed the story of the past decade: the world has shifted...
Oil falls to lowest in a week after surprise U.S. crude build
(Bloomberg) --Oil fell for a third day as a U.S. government report showed a bigger-than-expected build in domestic crude supplies and Chile canceled a...
