Oil prices fluctuate near $97-$104 as US-Iran talks remain inconclusive and inventories drop. Petrochemical margins face volatility risk from feedstock pricing, while logistics costs for food and pharma shipments may rise. Saudi Aramco's production maximization supports global supply but adds downward pressure on spot prices for downstream buyers.
14 articles
Oil prices fluctuated amid mixed US-Iran peace talks, with WTI near $97 and Brent below $104. Saudi Aramco aims to maximize production while US crude inventories declined by 5.3 million barrels last w
Singapore plans to store Saudi Arabian crude oil in underground caverns from late 2027 to bolster supply chain resilience against regional disruptions. The deal involves Saudi Aramco and aims to enhan
Gold prices remained steady ahead of US inflation data while oil prices rose following an attack on Saudi Aramco facilities. Investors monitor Fed policy signals amidst geopolitical tensions affecting
Oil prices climbed amid Houthi attack risks on Saudi Aramco, though Russian diesel export expectations limited gains. Brent crude rose to $106.58 per barrel while analysts forecast WTI trading between
Saudi Aramco and Kuwait Petroleum CEOs warned that global partners must fund infrastructure repairs and storage following war damage to oil assets. They emphasized critical supply shortages and called
Global stocks rose and the dollar weakened as investors trimmed expectations for Federal Reserve rate hikes, while oil prices remained elevated due to Houthi attacks on Saudi Aramco sites.
Saudi Aramco cut Arab Light crude prices to Asia by $5 per barrel below the benchmark for November, hitting a six-year low amid fierce market share competition. The price reduction accompanies increas
Saudi Aramco cut November crude oil prices for Asia by $5 per barrel, the widest discount since June 2020, while raising European rates and keeping US prices steady amid stable OPEC+ production target
Saudi Aramco cut Arab Light crude prices to Asia by $5 per barrel, hitting a 2020 low and pushing oil prices down despite Yemen conflict risks. Brent and WTI declined while OPEC+ kept production quota
Saudi Aramco cut its main crude oil price for Asia by 50 cents per barrel amid negotiations to ease shipping through the Strait of Hormuz, while sustaining exports at approximately 70% of normal level
Oil prices jumped over $3/barrel following renewed Middle East hostilities and military strikes. Supply tightened as Saudi Aramco halted its Jazan refinery and US crude inventories dropped by 3.3 mill
Iran-backed militias targeted Saudi oil facilities for a second day, intensifying pressure on crude exports amidst a maritime blockade. Unconfirmed damage raises concerns over global energy supply sta
Saudi Aramco reduced its August official selling prices for crude oil globally, with significant cuts for Asian and European buyers. Combined with OPEC+ production hikes, analysts expect international
Saudi Aramco slashed prices for Arab Light oil to Asia, driving global crude benchmarks lower amid growing oversupply fears. Analysts predict further declines as geopolitical tensions ease and tanker
ChemBrief