Oil Market
7 stories tagged Oil Market.
Saudi Arabia's Crude Exports See June Rebound Following May's Reduced Volume
Data indicates an increase in crude oil shipments from Saudi Arabia during June, recovering from the previous month's notable decrease.
Venezuela Reportedly Considering Withdrawal from OPEC
Sources indicate that Venezuela is evaluating its continued membership in the Organization of the Petroleum Exporting Countries (OPEC).
Middle East Export Expansion Bolsters Tanker Freight Rates
Tanker rates for crude oil transport out of the Middle East have seen significant upward movement amidst increased export volumes from the region's producers.
Saudi Crude Exports Reach Record Low in April, JODI Data Indicates
Recent figures from the Joint Organisations Data Initiative (JODI) reveal a significant decline in Saudi Arabia's crude oil exports during April, reaching an unprecedented low.
Global Oil Production Projected to Rebound to Pre-Conflict Levels by Year-End, EIA Indicates
Analysis from the U.S. Energy Information Administration suggests a restoration of global oil output to quantities observed before the recent Iranian conflict, with projections pointing to a return by the close of the current year.
India’s Refining Sector Poised for Global Influence, Analyst Notes
Analysis from energy expert Anas Alhajji highlights India’s increasing strategic importance in the global refined fuel market, driven by its robust refining capacity and export potential.
Alkagesta CEO Orkhan Rustamov on Shifting Oil Market Dynamics Amid Geopolitical Tensions
Orkhan Rustamov, CEO of Alkagesta, recently contributed an opinion piece to City A.M., highlighting the oil market's need to adapt to persistent instability rather than anticipating a return to previous conditions, especially concerning the Strait of Hormuz.