Oil prices dropped over 5 per cent yesterday after Iran’s Ayatollah Ali Khamenei over the weekend seemed to play down the prospect of re-retaliatory strikes against Israel. With the risk of a full-blown war between the two states having abated for at least a few more minutes, attention among oil investors "is once again shifting back to market fundamentals," JPMorgan analysts write. ...
[ Learn More ]
Saudi Arabia, the world's largest oil exporter, witnessed a decline of 0.2 percent in crude oil exports, marking the second consecutive month of decline in January, according to data from the Joint Organizations Data Initiative (JODI). ...
[ Learn More ]
Saudi Arabia's crude production increased by 12,000 barrels per day in January to 8.96 million bpd, representing a monthly rise of 0.22 percent, a study showed ...
[ Learn More ]
Saudi Arabia's crude oil exports fell in January for a second straight month, data from the Joint Organizations Data Initiative (JODI) showed on Monday. ...
[ Learn More ]
Japan's gas inventories are well above normal for the time of year, part of a worldwide surplus in response to the period of exceptionally high prices stemming from Russia’s invasion of Ukraine in 2022. ...
[ Learn More ]
Saudi Arabia’s crude production increased to 8.94 million barrels per day in December 2023, a monthly rise of 1.43 percent, according to a Joint Organizations Data Initiative study. ...
[ Learn More ]
The diesel market in Europe is flashing signs of tightness as refinery halts and Red Sea disruption squeeze supplies of a fuel that helps to power the continent’s economy. ...
[ Learn More ]
Saudi Arabia's crude oil exports in November climbed to their highest level in five months and marked a third straight rise, data from the Joint Organizations Data Initiative (JODI) showed on Monday. ...
[ Learn More ]
Saudi Arabia's crude oil exports in November climbed to their highest level in five months and marked a third straight rise, data from the Joint Organizations Data Initiative (JODI) showed on Monday. ...
[ Learn More ]
Saudi Arabia reined in gasoline exports in October as regional supplies remained tight because of domestic refinery turnarounds in the fourth quarter. ...
[ Learn More ]
Saudi Arabia’s crude exports hit a 4-month high at 6.3 million barrels per day in October, according to the most recent figures from the Joint Organizations Data Initiative. ...
[ Learn More ]
Major stock markets in the Gulf fell in early trade on Tuesday on volatile oil prices, while the global rally in anticipation of U.S. rate cuts began to run out of puff. ...
[ Learn More ]
Saudi Arabia's crude oil exports in October hit their highest level in four months, data from the Joint Organizations Data Initiative (JODI) showed on Monday. ...
[ Learn More ]
The world’s largest energy exporter, Saudi Arabia, has experienced a significant decline in its total exports, encompassing both oil and non-oil exports, according to media reports. ...
[ Learn More ]
Saudi Arabia's total exports, including both oil and non-oil exports, fell 25% year-on-year (YoY) in March 2023 to 106 billion royals ($28 billion) from SAR 142 billion. ...
[ Learn More ]
Global oil demand rose by 3.0 mb/d month-on-month in March to the highest level ever recorded by Joint Organisations Data Initiative (JODI)-reporting countries, driven by growth in China and the US. ...
[ Learn More ]
Oil prices rose Friday, adding to the week’s strong gains with the market benefiting from the risk-on sentiment generated by the fading risk of a U.S. debt default. ...
[ Learn More ]
Global crude oil production, however, fell by 0.5 mbd in March, on account of lower production in the US, China, Angola, Canada, and the UK. ...
[ Learn More ]
RIYADH: Saudi Arabia’s crude oil exports increased by 68,000 barrels per day to 7.52 million bpd in March, from 7.45 mbpd in February, according to the latest report released by the Joint Organisations Data Initiative. ...
[ Learn More ]
Oil price suffers losses on Thursday, trading over a percentage point down at the time of writing, after the US Dollar – which Oil is primarily priced and traded in – makes gains and data from the Energy Information Administration (EIA) showed a larger-than-expected rise in inventories ...
[ Learn More ]
Rising demand in China and the United States sent global oil demand surging by 3 million barrels per day (bpd) in March compared to February and hitting the highest level on record, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. ...
[ Learn More ]
Oil prices settle down 1 per cent as strong U.S. data boosts dollar ...
[ Learn More ]
Saudi Arabia’s crude oil exports rose marginally in March from the previous month, data from the Joint Organisations Data Initiative (JODI) showed on Thursday. ...
[ Learn More ]
Kuwait's naphtha exports in March were the highest in any month since at least 2019, boosted by the start of the latest phase at the 615,000 b/d al-Zour refinery. ...
[ Learn More ]
Turkey is loading up on millions of barrels of diesel from Russia that European Union countries can no longer buy. Shipments of diesel-type fuel into Turkey from Russia last month soared to the highest in at least seven years, Vortexa Ltd. data compiled by Bloomberg show. ...
[ Learn More ]