Feature: Saudi ATC ramps up product trading in Asia ahead of new capacity

As Saudi Aramco shores up its position as one of the world’s biggest refiners with the impending startup of new capacity at two facilities, its subsidiary Aramco Trading Company is deepening its footprint in the global gasoil market. ATC’s gasoil derivatives trading volume in the Platts Market on...

https://www.hellenicshippingnews.com/feature-saudi-atc-ramps-up-product-trading-in-asia-ahead-of-new-capacity/

Oil prices will ‘certainly’ go above $90 after sanctions on Iran and Venezuela ‘tighten the market,’ says energy and geopolitics expert

The price of oil will ‘certainly’ go above $90 and likely spike above $100 in the coming months as sanctions on Iran tighten an already stretched global oil supply, an energy and geopolitics expert has told Business Insider. The market in 2019 would always have been tight with producers struggling...

https://www.hellenicshippingnews.com/oil-prices-will-certainly-go-above-90-after-sanctions-on-iran-and-venezuela-tighten-the-market-says-energy-and-geopolitics-expert/

Insight from Washington: The SPR rumor is dead, long live the SPR rumor

When Saudi Arabia, Russia and other oil producing countries decided against a broad increase in crude output in Algiers last month, chatter began that the US was mulling a release from its government-owned oil stocks. When the Algiers meeting wrapped up, Saudi energy minister Khalid al-Falih told...

https://www.hellenicshippingnews.com/insight-from-washington-the-spr-rumor-is-dead-long-live-the-spr-rumor/

Qatar’s energy minister defends OPEC, says it has not manipulated oil prices

Qatar’s energy minister has defended OPEC’s oil market strategy, saying a deal between the oil producing group and non-OPEC producers is not aimed at manipulating oil prices. “OPEC is not trying to manipulate the price, it’s trying to bring the market to balance,” Qatar’s Minister of Energy and...

https://www.hellenicshippingnews.com/qatars-energy-minister-defends-opec-says-it-has-not-manipulated-oil-prices/

Oil slips as Saudi and Russia quietly agree output rise, U.S. stocks swell

Oil prices on Thursday slipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures were trading at $86.14 per barrel at 0651 GMT, down...

https://www.hellenicshippingnews.com/oil-slips-as-saudi-and-russia-quietly-agree-output-rise-u-s-stocks-swell/