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Brent crude
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Saudi Cabinet Increases Oil Prices and Service Tariffs
Dec 31, 2015Oil prices have been raised in Saudi Arabia. At the same time, the Saudi cabinet has also added tariffs on electricity, water and sanitation services. Saudi officials have approved a national budget for the coming year with a deficit of ...
Tags: Saudi Cabinet, Oil Prices, Service Tariffs
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Brent Oil Price Hits 11-year Low amid Oversupply Worries
Dec 22, 2015Brent oil price hit 11-year low Monday as the market continued to be plagued by an oversupply of crude oil and weakening demand. Brent crude for February delivery decreased 53 cents to close at 36.35 U.S. dollars a barrel on the London ...
Tags: Brent oil, Oil prices
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China's Price Move Signals Discomfort with Plunge
Dec 21, 2015The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have ...
Tags: oil product, crude oil
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Algerian PM Laments 'brutality' of Oil Price Collapse on Economy
Nov 24, 2015The halving of Algeria's foreign revenues in just a few months has had a brutal impact on the country's economy, Prime Minister Abelmalek Sellal said Sunday, describing the current situation as "difficult." In an interview with state news ...
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Singapore Cracking Margin at Widest in 32 Months on Firm Naphtha, Weak Crude
Nov 24, 2015The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...
Tags: Dubai crude, gasoline, sour crude
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Piraeus Pilots Strike Extended by 48 Hours; Concerns on Bunker Fuel Deliveries
Nov 6, 2015The strike by pilots and tugs in the Greek port of Piraeus was extended by another 48 hours Wednesday, which kept barge loadings from refineries suspended for the third consecutive day. "Until further notice, the strike continues today ...
Tags: high sulfur fuel oil, gasoil, refiner
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Oil Prices Rise Amid More China Imports
Aug 11, 2015Oil prices gained Monday as data showed China imported more crude in July. China imported 30.71 million tons of crude in July, up 29 percent on year to a record high, according to the data released Sunday by General Administration of ...
Tags: crude oil, Oil prices
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Costs Were a Major Focus of Attention at The ECS in Nuremberg
May 18, 2015Costs - related to areas like more efficient manufacturing processes, applications, use of energy and logistics – were a major focus of attention at the European Coatings Show (ECS) in Nuremberg, Germany, in April. The three-day ...
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Crude Prices Lost Nearly 10 Percent Over Two Days
Jan 7, 2015Oil closed up on Wednesday for the first time in five days as traders took stock of the market's rout after crude prices lost nearly 10 percent over two days and benchmark Brent fell to below $50 a barrel. A decline in Brent crude futures ...
Tags: Crude Oil, crude futures
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a Further Dramatic Fall in The Rouble Is Failed to Stem by Russia's Central Bank
Dec 28, 2014Russia's central bank failed to stem a further dramatic fall in the rouble on Thursday despite raising the headline interest rate to 10.5%. The central bank, which has used billions of dollars worth of foreign reserves in a desperate ...
Tags: Russia's Central Bank, ruble
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US Is The Locomotive of Global Growth for The First Time Since The Great Recession
Oct 27, 2014The world’s largest economy – the US is the locomotive of global growth for the first time since the great recession and in the process boosting exports around the world, says the Chief Economist at IHF. Nariman Behravesh ...
Tags: domestic demand, oil production
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European Cargo Cash Premiums to Benchmark Gasoil Futures Were Assessed at $10.50/Mt
May 29, 2014European ultra low sulfur diesel premiums to the front-month ICE gasoil futures contract hit their weakest level in over four months Friday as large volumes flooded the region from the Americas and the Baltic. Northwest European cargo ...
Tags: low sulfur diesel, gasoil futures
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US Crude Production Will Average 8.39 Million B/D in 2014
Mar 13, 2014With US refineries expanding their capacity to process more domestic light oil in the coming years, the US Energy Information Administration on Tuesday said it expects refinery crude inputs to reach 15.52 million b/d this year and 15.61 ...
Tags: US Refinery, Domestic Production, light oil
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Light, Sweet Crude for April Delivery Rises 76 Cents to $102.59 a Barrel
Feb 28, 2014--Light, sweet crude for April delivery rises 76 cents to $102.59 a barrel --Overall inventories grow less than expected --Continued supply reductions at key U.S. delivery point U.S. oil prices rose Wednesday after weekly U.S. ...
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Soybeans Closed Higher on Crop-Weather Concerns Abroad
Feb 18, 2014With China canceling a corn purchase,the market finished lower Thursday.However,soybeans closed higher on crop-weather concerns abroad. At the close,the March corn futures contract finished 1/4 of a cent lower at$4.43.The March soybean ...
Tags: soybeans, soybean futures, Brent crude oil