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Crude Oil - Naphtha in Asia nears 6-month high- spikes past US$600 on strong crude
Asia’s naphtha prices breached the US$600/ton mark to their highest in nearly six months, bolstered by strength in global crude oil futures and petrochemical demand, which is set to continue, as per ...
India relents to US pressure, will stop importing crude oil from Iran
India will stop importing crude oil from Iran following the US move to end sanction waivers, and will use alternate supply sources such as Saudi Arabia to make up for the lost volumes, top officials ...
Trump's Iran sanctions are 'the ultimate high wire act for oil prices,' analysts say
While the US could increase production of light crude oil, many American refiners tend to view heavy imported grades as optimal. A price premium for heavy crude has already been apparent on the Gulf ...
Asian crude buyers fear tighter supplies as Iran waivers vanish
China’s refiners said they were awaiting government orders on Iran crude oil imports, with some pushback against sanctions likely, while India said it had an alternative buying plan in place to make ...
Trump's crackdown on Iran leaves the oil market vulnerable to price spikes
In the Trump administration's telling, its decision to cut off Iran's oil exports in just over a week will have little impact on crude prices. There's enough supply to meet global demand, officials ...