Iranian tanker hit by twin explosions off Saudi

An Iranian tanker has been hit by twin explosions and is leaking oil according to reports.

Strong Urals could invite US sour competition at Saudi expense

Recent multiyear strength in CIF Rotterdam Urals differentials has potentially opened up an arbitrage to send...

Saudi shakeup could put the geopolitical risk premium back in oil prices: Analyst

Saudi Arabia’s newly named Crown Prince Mohammed bin Salman is unlikely to make changes to oil production...

Saudi Arabia crude exports rise to 7.232 million bpd in March

Saudi Arabia’s crude oil exports rose by 275,000 barrels per day in March from February, and it built stocks that month despite a fall in crude production, official data showed on Thursday.

Saudi signals first cut in crude supplies to Asian customers -sources

Saudi Arabia, the world’s biggest oil exporter, has notified at least two Asian refiners of its first cuts in crude allocations for regional buyers since an OPEC output reduction took effect in January, two refining sources told Reuters on Wednesday.

Saudi Aramco to cut June oil supply to Asia by about 7 mln barrels – source

Saudi Aramco will curb oil supplies to Asia by about 7 million barrels in June, a source with direct knowledge of the matter said, as the national oil giant plays its part in a global output cut to support prices.

Saudi Oil Exports Drop to 2015 Low as Kingdom Sticks to Cuts

Saudi Arabia, the world’s largest crude shipper, trimmed exports to a 21-month low in February as local refineries took advantage of more abundant supplies and processed a record amount of crude.