Brazil climbed to number three among China’s crude oil suppliers last month thanks to continued purchases by independent refiners, whose quotas for imported crude oil are running out. Imports of Brazilian crude oil stood at 4.49 million tons in September, … Read More
The oil market is not considering the threat of a Joe Biden victory in the US election, a renowned oil analyst warned this week. RBC Capital Markets’ Helima Croft told Business Insider that a Biden victory could lead to the renegotiation … Read More
Saudi Arabia says two of its vessels sabotaged on Sunday Brent futures increase as much as 2.2%, WTI gains 2.1% Crude rallied after Saudi Arabia said its oil tankers were attacked on Sunday, adding to the mounting geopolitical risks in … Read More
The biggest increase in US stocks in about 19 months also put pressure on crude prices. Saudi Aramco’s Ras Tanura oil refinery and oil terminal. Picture: REUTERS Singapore — Oil prices fell on Thursday from the four-year highs reached the … Read More