­­Saudi Leads “Big Three” Cutting Crude Exports in May

Recent news
Jun 02, 2023
Crude Rallies Ahead of Weekend OPEC+ Meeting
July WTI crude oil (CLN23 ) this morning is up +1.22 (+1.74%), and July RBOB gasoline (RBN23 ) is up +3.57 (+1.479%). July Nymex natural gas (NGN23 ) is up +0.038 (+1.76%). Crude oil and gasoline prices this morning are moderately higher. Crude prices are climbing in hopes of stronger...
Jun 02, 2023
"India's stance on Ukraine war a strategic interest," finds Singapore-based think tank
While the long-standing Ukraine war has disrupted trade relations and supply chains globally, Singapore-based International Institute for Strategic Studies (IISS) has said that India calling for diplomacy in the Ukraine war is a calculated step. The study finds that the war has helped India import oil at discounted rates.
Jun 01, 2023
Crude Settles Higher on Dollar Weakness and Strong Economic Reports
July WTI crude oil (CLN23) on Thursday closed up +2.01 (+2.95%), and July RBOB gasoline (RBN23) closed down -0.76 (-0.31%). Crude oil and gasoline prices Thursday settled mixed. A decline in the dollar index Thursday to a 1-week low was bullish for energy prices. Also, the House passage of the debt ceiling deal sparked a rally in stocks and other r...