Biden Urges G7 To Stay Together As Leaders Target Russian Gold, Oil Price

PARIS, France – U.S. President Joe Biden told allies ‘we have to stay together’ against Russian on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy. At the start of the meeting in the Bavarian Alps, four of the … More Biden Urges G7 To Stay Together As Leaders Target Russian Gold, Oil Price

Oil Jump After UAE Says It Is Committed To OPEC+ Supply Pact

Paris, France – Oil Prices rebounded on Thursday after the United Arab Emirates said it is committed to major producers’ pact to add 400,000 barrels per day of supply monthly, hours after UAE’s ambassador to Washington said his country favoured a bigger increase. U.S. West Texas Intermediate (WTI) crude futures jumped more than $3 shortly … More Oil Jump After UAE Says It Is Committed To OPEC+ Supply Pact

Saudi To Supply Additional Crude TO Some Asian Refiners In Nov – Sources

PARIS, France – Saudi Aramco has agreed to supply additional crude to at least three Asian buyers in November, while meeting full contractual volumes for four others, sources with knowledge  of the matter said on Monday. Full supply volumes were expected for the month, one of the source said. The world’s top oil exporter has … More Saudi To Supply Additional Crude TO Some Asian Refiners In Nov – Sources

OPEC Meets On Output Increase As Oil Prices Rally

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have pushed oil above $80 per barrel. The oil price rally to three – year high is exacerbated by an even bigger increase in gas prices, … More OPEC Meets On Output Increase As Oil Prices Rally

Top White House Aide Discussed Oil Prices With Saudi Arabia

Washington – A senior aide to President Joe Biden raised the issue of oil prices in conversations this week with the leadership of top crude producer Saudi Arabia, according to the White House. Biden’s national security adviser, Jake Sullivan, met in Saudi Arabia with Saudi Crown Prince Mohammed bin Salman on Tuesday to discuss the … More Top White House Aide Discussed Oil Prices With Saudi Arabia

Oil Down After Deep Saudi Cuts Spur Demand Concerns

London – – Oil prices fell on Monday, extending losses after the world’s top exporter Saudi Arabia slashed crude contracts prices for Asia over the weekend, reflecting well – supplied global markets and concerns over the outlook for demand. Brent crude futures for November fell 49 cents, or 0.67 to $72.12 per barrel by 1042 … More Oil Down After Deep Saudi Cuts Spur Demand Concerns

Saudi Arabia Lowers Light Crude Prices To Asia; US, Europe Prices Steady

Paris / France – – Saudi Arabia lowered its light crude oil prices to Asian customers in October versus September, though left prices to northwestern Europe and the United States steady. Oil giant Saudi Aramco lowered the price differential of light crude for delivery to the Far East in October to a premium of $1.7 … More Saudi Arabia Lowers Light Crude Prices To Asia; US, Europe Prices Steady

Oil Drops After OPEC+ Reaffirms Supply Return As Demand Wavers

Milan / Italy – – Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many U.S. refiners, a key source of crude demand, remained offline. Brent crude was down by 16 cents, or … More Oil Drops After OPEC+ Reaffirms Supply Return As Demand Wavers