Tag Archives: ASIA

Saudi Aramco said on Sunday evening that Saudi Arabia raised the selling price of its Arab Light crude oil to Asia for the second month in April to $2.50 a barrel, above the average price of Oman and Dubai crude. The price increase, which is 50 cents a barrel above …

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, “OPEC+ is flexible enough to change decisions whenever required.” Last week, Saudi Arabian Energy Minister said the current OPEC+ deal on oil output would be locked in until the end of the year, adding the oil group can’t increase …

 Asian shares firmed on Monday as optimism about China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled …

On the ninth of August, US President Biden signed the CHIPS Act that analysts fear could be the starting point of wider weaponization of the global IT supply chains.The CHIPS and Science Act of 2022 includes a $52 billion package to boost semiconductor manufacturing in the US, however, the underlying …

OPEC stands ready to cut output to correct a recent oil price decline driven by poor futures market liquidity and macro-economic fears, ignoring extremely tight physical crude supply, OPEC’s leader Saudi Arabia said on Monday. Saudi state news agency SPA cited Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman as …

The International Energy Forum said on Wednesday, citing data from the Joint Organizations Data Initiative (JODI), that Saudi Arabia’s crude exports in June rose to 7.20 million barrels per day from 7.050 million in May. The data showed that demand for Saudi crude rose 364,000 barrels per day to 2.79 …

Citing monthly export data for the Joint Data Initiative “JODI”, the International Energy Forum said that Saudi Arabia’s crude exports in April rose to 7.38 million barrels per day from 7.235 million barrels per day in March. The forum indicated that the data highlights that global oil demand fell on …

The Saudi Press Agency, quoting a Foreign Ministry statement, said on Monday that the Kingdom is relinquishing its responsibility for any shortage in oil supplies to global markets in light of the recent attacks by the Iran-aligned Yemeni Houthi movement on Saudi oil facilities. The Saudi Energy Ministry and official …

Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday it was up to the United States whether or not to withdraw more supplies from its strategic oil reserves. The administration of US President Joe Biden said in November that it would withdraw about 50 million barrels from its reserves …

The trading session was quiet for most of the Asian session. The Nikkei average rose on Tuesday, boosted by optimism about corporate business results, and after overnight gains in US stocks pushed the Dow Jones Industrial Average and S&P 500 indexes to record levels. The Nikkei closed up 1.8 percent …