Tag
#opec
Commodities
India oil imports shift after Hormuz as Africa and LatAm gain
India oil imports are shifting after the Hormuz disruption as refiners pull more crude from Africa and Latin America to replace riskier Gulf barrels.
By Reza Najjar
Commodities
UAE casts OPEC exit as output strategy with Brent at $109.26
The UAE said its OPEC exit reflects production policy and capacity plans, a signal oil markets are reading through supply discipline and future market share.
By Reza Najjar
Commodities
Brent crude back above $100 as US-Iran clash resumes in Strait of Hormuz
Brent crude settled near $100.06 a barrel on Thursday after fresh fighting between US and Iranian forces in the Strait of Hormuz unwound a one-day rally on ceasefire hopes, with WTI ending near $93.60 and traders rebuilding the war-risk premium they had pared 24 hours earlier.
By Reza Najjar
