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OPEC, Russia seen gaining more power with Shell Dutch ruling


Dmitry Zhdannikov
1/2
The Royal Dutch Shell logo is seen at a Shell petrol station in London, January 31, 2008. REUTERS/Toby Melville/File Photo
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Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.
Defeats in the courtroom and boardroom mean Royal Dutch Shell (RDSa.L), ExxonMobil (XOM.N) and Chevron (CVX.N) are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s national oil company Saudi Aramco (2222.SE), Abu Dhabi National Oil Company and Russia s Gazprom (GAZP.MM) and Rosneft (ROSN.MM). ....

United States , France General , Abu Dhabi , Abuz Aby , United Arab Emirates , Saudi Arabia , Nick Stansbury , Verisk Maplecroft , Thomson Reuters Trust Principles , Exxon Mobil Corp , Energy Aspects , Chevron Corp , Abu Dhabi National Oil Company , Saudi Aramco , Royal Dutch Shell , International Energy Agency , Organization Of The Petroleum Exporting Countries , European Union , Saudi Led Organization , Petroleum Exporting Countries , Amrita Sen , Middle East , Middle Eastern , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , பிரான்ஸ் ஜநரல் ,

Saudi Arabia expected to raise July light crude prices for Asia -survey


Shu Zhang
4 minute read
General view of Saudi Aramco s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah
Top oil exporter Saudi Arabia is expected to slightly increase its July official selling prices (OSPs) of light crude for Asia, as margin weakness and demand uncertainty cap the upside despite stronger crude benchmarks, a Reuters survey showed.
Sources at five Asian refiners on average expected the July OSP for Saudi flagship grade Arab Light to rise by 10 cents a barrel, with their forecasts ranging between no change to an increase of up to 20 cents.
The expected adjustment for Arab Light tracked the price strength in Middle East crude oil benchmarks Cash Dubai and DME Oman, which in May saw their premiums to Dubai swaps up by 14 cents and 8 cents respectively from April. ....

Saudi Arabia , United Arab Emirates , July Osps , Thomson Reuters Trust Principles , Saudi Aramco , Organization Of The Petroleum Exporting Countries , Arab Light , Middle East , Cash Dubai , Arab Medium , Petroleum Exporting Countries , Extra Light , Thomson Reuters Trust , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சவுதி அரம்கோ , ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் , அரபு ஒளி , நடுத்தர கிழக்கு , பணம் துபாய் , அரபு நடுத்தர , பெட்ரோலியம் ஏற்றுமதி நாடுகள் , கூடுதல் ஒளி , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,