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Sunday, September 25, 2022

Tag: OPEC

Oil up over rising demand in China versus tight supply fears

World (The Times Groupe)- Oil prices rose on Tuesday due to tight supply concerns as Chinese demand is likely to rebound from COVID19 restrictions, while OPEC+ output levels are believed to fall short of demand.

Putin, bin Salman discuss OPEC+, Ukraine in phone call

Moscow (Times Of Ocean)- Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed "gave a positive assessment" joint work in the OPEC+ format during a phone call, the Kremlin said in a statement.

Persian Gulf Oil Powers Seek US Security Treaty After Yemen Strikes

Persian Gulf (Times Of Ocean)- Several Arab states on the Persian Gulf shores are seeking a written agreement with Washington that could primarily provide defense support following an escalation in attacks from fighters in Yemen on the United Arab Emirates and Saudi Arabia.

French minister on Persian Gulf tour to secure energy supplies

Paris (Times Of Ocean)- The French Foreign Minister Jean-Yves Le Drian has begun an official tour of Qatar, Oman, and Kuwait on Monday in response to an energy crisis caused by Russia's conflict in Ukraine.

Energy market needs Russian oil, no substitute exists

Dubai (Times Of Ocean)- UAE energy minister says Monday energy markets need Russian oil and no producer can replace its production.

Oil prices jump again as EU to Russian oil ban

London (Times Of Ocean)- Brent crude moved above $111 a barrel on Monday as EU nations considered joining the US in a Russian oil embargo as well as after an attack on Saudi oil facilities over the weekend.

Oil Prices Rise As OPEC Fills Russian Supply Gaps

Ankara (Times Of Ocean)- Russia-Ukraine talks in Turkiye, decline in US crude, and gasoline inventories support prices. As the market weighs expectations of OPEC...

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