Rice

Oil Price

Saudis to Sell Oil at $25 in Market Share Grab from Russia

Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, a…

Oil & Gas Trade

Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%

​The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.

Oil & Gas Trade

The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase

The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude…

Crude

Saudis Sell Oil at $25 in Market Share Grab from Russia

​Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia,…

Oil Price

Oil Price War Expands as United Arab Emirates Joins Saudi Ally

The United Arab Emirates has joined ally Saudi Arabia in opening the oil floodgates, broadening the front against Russia in a price war.

Oil & Gas Trade

Saudi Arabia Unveils Plans to Maximize Oil Output, Escalating a Price War with Russia

OPEC kingpin Saudi Arabia unveiled plans Wednesday to dramatically ramp up oil production, raising the stakes of an all-out price war with non-OPEC leader Russi…

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Contact information|4|n771.32|bau|717-605-2892|brendan.heasley@navy.mil| item unique identification and valuation (mar 2016)|19|combo|not applicable |tbd|n00104…

Oil & Gas Trade

Oil Price crash: 3 Things You need to Know Today

On Monday 9th March 2020, the oil price saw its biggest fall in 30 years. Here’s our analysts’ rapid response to the oil price crash. Look out for more detail…

Oil Price

Lower Oil Prices to Provide Tailwinds to Indian Economy

The present run of lower oil prices will bring significant benefits for the Indian economy as reduced import bill and lower current account deficit and inflatio…

Oil & Gas Trade

China to Bump up Strategic Oil Reserves After Price Crash

Citing people with knowledge of the matter that China is considering the possibility of ramping up the country's strategic oil reserves by buying crude now, esp…

Oil Price

US Shale Supply Badly Hit by Oil Price War

Following the WTI price fall to around $30 per barrel due to an oil price war between Saudi Arabia and Russia, US shale production has been badly hit. The outlo…

Oil & Gas Trade

IEA: Oil Demand To Drop For First Time Since 2009

Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it sl…

Oil Price

Saudi Arabia, Russia Brawl Creates Crude Turmoil

​Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they woul…

Oil & Gas Trade

Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels

Shares of Saudi state oil company Aramco (2222.SE) slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading…

Oil Price

Oil Prices Dive as Saudi Arabia Takes Aim at Russian Production

Russia on Friday rejected an agreement with OPEC on cuts in oil supplies to bolster prices.