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March 29, 2022

OPEC says the U.S. must trust its oil production strategy- oil and gas 360

OPEC says the U.S. must trust its oil production strategy

March 29, 2022

World Oil (Bloomberg) — Saudi Arabia and the United Arab Emirates said the U.S. must trust OPEC+’s strategy, as Washington and other major importers call on the group to hike oil production following Russia’s invasion of Ukraine. Crude prices surged to almost $140 a barrel soon after Moscow’s attack last month, though they’ve eased to around $110 this week amid

Factbox: Global oil supply disruptions approaching 5-6 mln bpd- oil and gas 360

Factbox: Global oil supply disruptions approaching 5-6 mln bpd

March 29, 2022

US News Global oil supply disruptions are approaching 5-6 million barrels per day (bpd), according to Reuters’ calculations, as sanctions, conflicts and infrastructure failures hit supply just as demand is recovering close to an all-time high. The oil market is set for a 700,000 bpd supply deficit in the second quarter as Western sanctions on Moscow and buyer reluctance could

Saudis may hike oil price to record as war reroutes flows- oil and gas 360

Saudis may hike oil price to record as war reroutes flows

March 29, 2022

World Oil (Bloomberg) — Saudi Arabia, the largest oil exporter, will likely boost pricing of its main crude variety to a record as the impact of Russia’s invasion of Ukraine reverberates through markets more than a month after the assault. Saudi Aramco may raise the official selling price of its key Arab Light crude by $5 a barrel to Asia

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