Saudi Oil Supply Concerns Ease as Additional Crude Is Offered Through Oman
6 Articles
6 Articles
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
Saudi Oil Supply Concerns Ease as Additional Crude Is Offered Through Oman
Oil prices declined after Saudi Arabia offered additional crude cargoes through Oman, easing some concerns over the extent of Middle East supply disruptions. Brent and ... The post Saudi Oil Supply Concerns Ease as Additional Crude Is Offered Through Oman first appeared on [your]NEWS.
Saudi Arabia is offering Asian buyers more oil to load at the Omani port of Sohar, in response to damage to the key East-West pipeline that bypasses the partially blocked Strait of Hormuz. The outage could also affect supplies to European refineries.
Oil is correcting strongly after yesterday’s jump. WTI is again approaching US$99 per barrel and Brent is quoted at around US$103.7, moving away from the peaks they reached during the previous day.
Saudi Arabia is offering more shipments of crude oil to Asian refineries by boat transfers off Sohar Port
Oil prices fell slightly on Wednesday (16/9) as reports that Saudi Arabia is offering additional crude cargoes via Oman eased concerns about the extent of supply disruptions from the Middle East, while European diesel prices remained near record levels. Against the backdrop of the above developments, Brent futures are currently down 0.95% to $107.68 a barrel. At the same time, US crude (WTI) contracts are down 1.90% to $103.72 a barrel.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
