Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban inched lower on Tuesday.
SINGAPORE CASH DEALS
Cash Dubai’s premium to
Energy – US Gulf storm risks Oil prices stabilised yesterday and Brent managed to settle 1.1% higher on the day. This
Oil prices edged down on Tuesday as weak Chinese demand offset supply disruptions from Tropical Storm Francine and as global
China’s shift towards lower-carbon fuels and a sluggish economy are dampening oil demand growth in the world’s largest crude importer,
Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is
Shell (SHEL.L), opens new tab paused some drilling operations at its Perdido and Whale offshore platforms in the Gulf of
Global commodity traders Gunvor and Trafigura anticipate oil prices may range between $60 and $70 per barrel due to sluggish
Dutch and British wholesale gas prices edged higher on Monday morning on forecasts for cooler temperatures and continued outages in
Middle East crude benchmarks Oman and Dubai edged up on Monday after Saudi Arabia cut October prices for Asia.
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Demand fears weigh on oil
Oil prices saw a fair amount of volatility in August. In fact, implied volatility in ICE Brent hit a year-to-date high during the month. Several supply risks have arisen, providing a short-term boost to prices. However,