Latest News for: sour crude

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Analysis: how sanctions on Venezuelan oil could disrupt global supply and impact crude prices

Invezz 26 Mar 2025
Venezuela also lacks a robust refining system to divert crude oil for its own use ... The US, also a buyer of Venezuelan crude, may seek alternative suppliers of heavy sour crude from OPEC+ nations, such as Iraq.
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UAE petrol price prediction: Will costs rise in April?

Gulf News 26 Mar 2025
Oil prices have been recovering following US President Donald Trump's threat to punish nations buying Venezuelan crude ... Venezuela primarily supplies heavy, sour crude favored by manufacturers of diesel and fuel oil.
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GME marks first trade on Alternative Crude Ecosystem

Urdu Point 24 Mar 2025
This innovative bilateral trading platform allows market participants to trade multiple crude grades seamlessly through the exchange.</p><p>For the first time, Oman, Al Shaheen, Basrah ...
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Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades

Hydrocarbon Processing 20 Mar 2025
Asia's sour crude demand is set to rebound from late Q2 as refiners return from maintenance and ExxonMobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use ....
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Here’s why Brent crude is falling to discount against Dubai benchmark

Invezz 20 Mar 2025
Brent crude futures, a global benchmark for sweet crude oil, have recently fallen to a discount compared to Dubai swaps, a benchmark for Middle Eastern sour crude oil ... benchmark of Brent sweet crude.
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Why crude prices could be immune to Trump upheaval

Hindustan Times 12 Mar 2025
Since the onset of the war in Ukraine, it has become India’s leading crude supplier ... Moreover, American refineries, designed for heavy, sour crude from West Asia, Russia, and Canada, are ill-equipped to process the light, sweet oil abundant at home.
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