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Oil rose more than 1% on Monday as Chinese economic figures and U.S. vaccination rate pointed to a strong rebound in demand in the world's two largest economies. ....
Oil slips towards $66 as India offsets demand hopes elsewhere reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Forties oil work to drive drop in June Brent benchmark supply – source The North Sea Forties crude oil stream will load only one or two cargoes in June due to planned maintenance work, two trade sources said on Thursday, reducing supply of the crude that underpins the global Brent benchmark. “It’s going to be a tiny programme,” one of the sources said, adding that the Hound Point terminal where Forties cargoes load would be closed for most of June. Forties is normally the largest or second-largest of the five crude grades that underpins Brent, loading as many as 15 cargoes in a month. The other four grades are Ekofisk, Oseberg, Troll and Brent itself. ....
Iran again boosts OPEC oil output in April -Reuters survey 04/30/2021 | 08:11am EDT Send by mail : Message : Required fields LONDON (Reuters) -OPEC oil output has risen in April as higher supply from Iran countered involuntary cuts and agreed reductions by other members under a pact with allies, a Reuters survey found, adding to signs of a 2021 recovery in Tehran s exports. The 13-member Organization of the Petroleum Exporting Countries pumped 25.17 million barrels per day (bpd) in April, the survey found, up 100,000 bpd from March. Output has risen every month since June 2020 with the exception of February. Iran s exports are rising as talks take place to revive a 2015 nuclear deal which could eventually allow more oil to the market. ....