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U.S. oil rig count falls even as prices rally to decade-highs – Baker Hughes

This post was originally published on this siteDrilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford March 4 (Reuters) – U.S. energy firms this week cut the number oil rigs even as Russia’s invasion of Ukraine drove crude prices to their highest since 2008. U.S. oil rigs fell three to […]

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Saudi Aramco raises April crude OSPs to Asia, Europe, US

This post was originally published on this siteSaudi Aramco raised official selling prices across the board for April-loading cargoes, with Asia-bound barrels seeing the largest increases between $2.15/b and $2.70/b, according to a pricing document released by Saudi Aramco on March 4. The stronger OSPs follow the recent rally in crude futures prices, including the

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Russian NWE Urals crude assessed $5.645/b lower at fresh record discount of Dated Brent minus $27.87/b

This post was originally published on this siteThe public buyers strike appeared to end on March 4 after Shell shipping and trading company lifted Trafigura’s Urals Baltic offer in the Platts Market on Close assessment process by S&P Global Commodity Insights at Dated Brent minus $28.50/b. As a result, NWE Urals was assessed a further

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Pelosi supports halting Russian oil imports to US: ‘Ban it’ – But so far, Biden won’t

This post was originally published on this siteBy Lisa Mascaro in Washington WASHINGTON (AP) — Amid the escalating war in Ukraine, House Speaker Nancy Pelosi said Thursday she supports banning Russian oil imports to the U.S., a hefty nod that could strengthen President Joe Biden’s hand as global allies seek to isolate Russian President Vladimir Putin’s regime. Biden has been

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