Wednesday, July 23, 2025
Saudi Arabia may have set the price of its oil too high- oil and gas 360

Saudi Arabia may have set the price of its oil too high

Oil Price Asian buyers could reduce intake of term supplies from Saudi Arabia in January and look to buy more spot crude cargoes after the world’s top crude exporter reduced the price of its oil to Asia by less than expected, traders and refiners told Bloomberg on Wednesday. On Tuesday, Saudi Arabia cut the price of its flagship crude, Arab Light, loading in January for

Oil drops on demand worries after US gasoline inventories swell- oil and gas 360

Oil drops on demand worries after US gasoline inventories swell

Yahoo Finance HOUSTON – Oil prices fell by 2.5% on Wednesday, as a bigger-than-expected rise in U.S. gasoline inventories worried markets about demand and outweighed a draw in crude stocks. Brent crude futures fell $1.96, or 2.53%, to $75.27 a barrel by 10:58 a.m. ET (1558 GMT). U.S. WTI crude futures fell by $2.19, or 3.03%, to $70.14 a barrel. U.S.

Putin, escorted by fighter jets, lands in Saudi Arabia for MbS talks- oil and gas 360

Putin, escorted by fighter jets, lands in Saudi Arabia for MbS talks

Today RIYADH :Russian President Vladimir Putin landed in Saudi Arabia on Wednesday for hastily arranged talks with Crown Prince Mohammed bin Salman on oil, Gaza and Ukraine. It was not immediately clear what Putin, who has rarely left Russia since the start of the Ukraine war, intends to raise specifically about oil or geopolitics in a face-to-face meeting with the crown