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Motiva Reports Operational Snag at Texas Oil Refinery

Saudi Arabia Raises Oil Prices for Asian Buyers After Slashing Output

By Will Horner Saudi Arabia raised its May prices on crude oil sales to buyers in Asia late Wednesday, just days after it said it would slash output, sending oil prices sharply higher. . | April 6, 2023

Analysis-OPEC+ in driver s seat as oil supply growth lags demand

The surprise oil output cuts announced on Sunday by OPEC+ members illustrate their greater power over the market, given limited supply growth by other producers such as U.S. shale firms and. | April 4, 2023

OPEC+ cuts to tighten Mideast crude supply to Asia, Europe, cut refiners profits

Middle East crude oil supplies are set to tighten further from May after OPEC+ announced plans to cut output again, raising costs for refiners from Asia to Europe and pushing them to seek more supply. | April 3, 2023

OPEC+ cuts put $100/barrel oil back in sight

Surprise new cuts to the OPEC+ group s output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates, analysts. | April 3, 2023

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