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Saudi Arabia has raised the official selling price (OSP) for Arab light for Asia by $0.45/bbl m/m to $3.00/bbl for July, following the June 4 announcement that OPEC+ would extend production cuts until 2024 ....
Lower crude oil prices, Western sanctions and European push for energy independence combined to shave 36% off Russia’s oil and gas tax collection for last month, compared to a year ago ....
Jaguar Land Rover (JLR) is recalling 6,400 I-Pace electric SUVs delivered to the US because the high-voltage electric battery may overheat and catch fire ....
A Reuters survey on Wednesday shows a drop in OPEC oil output for May following voluntary production cuts by OPEC+ said to help support the market ....