[ad_1] Crude oil prices strengthened Friday, set to post substantial gains this week, boosted by likely supply disruptions as Tropical Storm Ida heads toward the US Gulf Coast. Report informs, citing Investing.com, that by 9 AM ET (1300 GMT), US crude futures were up 2.3% at $68.94 a barrel, on track for a weekly gain… Continue reading Crude oil higher; tropical storm Ida and Powell’s speech in focus
Tag: crude
Brent crude falls below $70 for first time since July 21
[ad_1] The price of October futures for Brent crude on the London ICE further declined to $69.97 per barrel (-0.6 percent), Report informs referring to TASS. The price of Brent was below $70 per barrel last time July 21 this year. By 10:50 (GMT+4), the price of Brent continued to decline and stood at $69.9… Continue reading Brent crude falls below $70 for first time since July 21
STAR Refinery reduces crude oil imports by 14% in May
[ad_1] SOCAR’s STAR Refinery in Turkey imported 679,647 tons of crude oil in May 2021 (20.05% of total imports of crude oil), down 112,461 tons or 14.2% from the previous year, Report informs, referring to the Energy Market Regulatory Authority (EMRA). STAR Refinery was launched on October 19, 2018. The foundation of the plant was… Continue reading STAR Refinery reduces crude oil imports by 14% in May
Saudi Arabia to supply full July crude oil volumes to buyers in Asia
[ad_1] Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of July-loading crude to its Asian customers, Report informs, citing Reuters. OPEC+ agreed in April to gradually ease oil output cuts from May to July and confirmed the decision at a June 1. State oil company Saudi Aramco did not provide Reuters… Continue reading Saudi Arabia to supply full July crude oil volumes to buyers in Asia