Saudi Arabia Oil Exports Hit 21Month Low in June

Aug 16 Reuters Saudi Arabia39;s crude oil exports fell for a third straight month in June to their lowest since September 2021, data from the Joint Organizations Data Initiative JODI showed on Wednesday, with big Asian buyers favouring cheaper Russian oil. The kingdom39;s crude exports totalled 6.8 million barrels per day bpd in June, down […]
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US Crude Stockpiles Fall Even as Output Hits 2020 High EIA

NEW YORK, Aug 16 Reuters U.S. crude oil inventories fell last week as oil refiners increased run rates and exports surged, while crude production reached its highest since the coronavirus pandemic decimated fuel consumption, Energy Information Administration data showed on Wednesday. Crude inventories fell by 5.96 million barrels in the week to Aug. 11 to 439.7 […]
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Oil Prices Wobble on Worries over China Economy, US Rate Path

SINGAPORE, Aug 17 Reuters Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on worries that slowing growth in China and possible further U.S. interest rate hikes will weaken fuel demand in the world39;s two biggest economies. Brent crude futures were flat at 83.45 a barrel by […]
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