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Crude settles lower as Saudi attacks take back seat to growth concerns

52 mins ago DieselGasoil Comments Off on Crude settles lower as Saudi attacks take back seat to growth concerns
Highlights Trump downplays trade deal with China Risk premium remains Refined products weaker New York — Crude futures settled slightly lower Friday, as the recent attacks on Saudi Arabian oil infrastructure took a back seat to global demand growth worries. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX Read More

Crude oil futures move higher on Imelda storm concerns

19 hours ago DieselGasoil Comments Off on Crude oil futures move higher on Imelda storm concerns
Singapore — Crude oil futures rose during mid-morning trade in Asia Friday, finding support from bullish US products futures as Tropical Depression Imelda in Texas pushed prices higher. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:15 am in Singapore (0215 GMT), ICE Brent November crude futures rose Read More

After Abqaiq, analysts see higher oil price risk premium, more supply disruptions

1 day ago DieselGasoil Comments Off on After Abqaiq, analysts see higher oil price risk premium, more supply disruptions
Highlights Saudi attacks result in $5-$10/b premium Brent price rises $4.18/b since Saturday’s attack US-Iran tensions increase likelihood of similar supply attacks Washington — The unprecedented attacks on Saudi oil facilities over the weekend are widely viewed by analysts as the most significant supply disruption the oil market has ever seen, increasing the geopolitical risk Read More

Refined products rally as storm disrupts USGC refinery operations

1 day ago DieselGasoil Comments Off on Refined products rally as storm disrupts USGC refinery operations
New York — NYMEX refined products futures jumped Thursday as Tropical Depression Imelda disrupted refinery operations in Texas. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Front-month RBOB settled 4.30 cents higher at $1.7007/gal, while front-month ULSD settled 3.16 cents higher at $2.0049/gal. The rally caused crack spreads to Read More

Crude oil futures steady amid US stockbuild, geopolitical risks

2 days ago DieselGasoil Comments Off on Crude oil futures steady amid US stockbuild, geopolitical risks
Singapore — Crude oil futures were largely steady during mid-morning trade in Asia Thursday amid a combination of bullish and bearish factors emerging from a build in US crude stocks and ongoing supply and geopolitical risks in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At Read More

Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise

2 days ago DieselGasoil Comments Off on Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise
New York — US crude inventories climbed 1.06 million barrels last week to 417.13 million barrels, as refiners cut runs while imports edged higher, US Energy Information Administration data showed Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The stock build was considered bearish for NYMEX crude futures, Read More

Dubai futures: Sour crude still pricing in Middle East risk despite reassurances

3 days ago DieselGasoil Comments Off on Dubai futures: Sour crude still pricing in Middle East risk despite reassurances
Singapore — Spreads for benchmark Dubai crude futures were mixed in mid-morning trading hours on Wednesday, as market participants continue to price in risk premia for the Middle East following an overnight press conference by the country’s new energy minister, Prince Abdulaziz bin Salman. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Crude oil futures slip on Saudi reassurance, bearish US stock data

3 days ago DieselGasoil Comments Off on Crude oil futures slip on Saudi reassurance, bearish US stock data
Singapore — Crude oil futures were marginally lower during mid-morning trade in Asia Wednesday following reassurances by Saudi Arabia that it would be able to resume production in two weeks and after the release of bearish US data on last week’s oil stocks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

3 days ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More

Crude settles lower as Saudis say able to restore full production capacity by end-November

3 days ago DieselGasoil Comments Off on Crude settles lower as Saudis say able to restore full production capacity by end-November
New York — Crude futures settled lower Tuesday on news that Saudi Arabia will be able to restore its full crude production capacity by the end of November. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX front-month crude settled $3.56 lower at $59.34/b, while ICE front-month Brent settled Read More