SINGAPORE :Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in May, several sources with knowledge of the matter said on Monday.The steady supply comes even as the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC
SINGAPORE :Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in May, several sources with knowledge of the matter said on Monday.
People now wonder how the additional voluntary cut would reflect in the actual supply, or if it is merely a measure to shore up oil prices, a source at an Asian refiner said. Crude benchmarks jumped 6 per cent last week after the major oil producers jolted market with the additional output reduction.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco to supply full oil volumes to some Asian refiners in May -sourcesSINGAPORE : Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in May, several sources with knowledge of the matter said on Monday, despite the extra output cut announced by the oil majors earlier this month.Saudi Arabia, the world's top oil ex
Read more »
Oil edges higher on prospect of tighter suppliesSINGAPORE : Oil prices nudged higher in early Asian trade on Monday, supported by the prospect of tighter supplies from OPEC+ producers from May, but concerns about the global economic outlook capped gains.Brent crude futures gained 13 cents, or 0.2 per cent, to $85.25 a barrel by 2356 GMT, while U.S. Wes
Read more »
Bungalow at Linden Drive sold for $24 mil; Vanda Crescent bungalow fetches $21 milThe Victorian style main house and tropical style pavilion of the property at Linden Drive (Photo: GCB Collective/Huttons Asia)SINGAPORE (EDGEPROP) - In the Raffles Park landed housing estate, a detached house at a cul-de-sac on Linden Drive has changed hands for $24 million. Based on the freehold site of 11,314 sq ft, this translates to $2,121 psf. Lawrence See and Elvin Ang of GCB Collective, a team of bungalow specialists in Huttons Asia, brokered the sale.A year ago, the detached house was o
Read more »
Asian shares subdued as jobs data raises odds of Fed rate hikeSINGAPORE : Asian shares inched higher, while the dollar started the week on the front foot after the U.S. jobs data underscored a tight labour market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next month. MSCI's broadest index of Asia-Pacific shares o
Read more »
India's tiger population rises above 3,000NEW DELHI: India's wild tiger population - by far the largest in the world - has risen above 3,000, according to a census released on Sunday (Apr 9), boosting efforts to conserve the endangered species. The largest of all cats, tigers once roamed throughout central, eastern and southern Asia. But
Read more »
Saudi Aramco to supply full oil volumes to some Asian refiners in May -sourcesSINGAPORE : Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in May, several sources with knowledge of the matter said on Monday, despite the extra output cut announced by the oil majors earlier this month.Saudi Arabia, the world's top oil ex
Read more »