Saudi Aramco News
-
The following is a selection of the most important news affecting the oil market.
-
The largest-ever expansion of Middle Eastern oil-refining is poised to curb the region’s imports of gasoline, reducing dependence on shipments from India and Singapore and sapping margins for European and Asian processors.
-
OPEC appointed Saudi Arabia’s Omar Abdulhamid as head of research, according to two people with knowledge of the group’s policy.
-
West Texas Intermediate crude erased gains and fell from the highest level in a month after air strikes in Syria renewed concern that turmoil in the Middle East may worsen and disrupt supply from the biggest producing region.
-
West Texas Intermediate crude traded at the highest since April 3 as air strikes in Syria renewed concern that unrest will spread in the Middle East and disrupt supply from the biggest oil-producing region.
-
Saudi Arabian Oil Co., the largest crude exporter, raised the premium used to determine June official selling prices for its Arab Light blend for customers in Asia and cut premiums for other light grades to the Far East.
-
The combined carrying capacity of oil tankers calling at Saudi Arabia’s Ras Tanura gained 30 percent in the week ended April 27, vessel-tracking data compiled by Bloomberg show.
-
Saudi Arabia plans to raise production capacity to 15 million barrels a day by 2020 from 12.5 million barrels a day now, a Saudi prince said, reviving talk of a higher internal target.
-
The combined carrying capacity of oil tankers calling at Saudi Arabia’s Ras Tanura fell 13 percent in the week ended April 20, vessel-tracking data compiled by Bloomberg show.
-
Saudi Arabian Oil Co. started producing crude from Manifa, the world’s fifth-largest oil field, on April 10, three months ahead schedule.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page