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- Indexed articles, last 90 days
- 9
- Latest publication
- Sep 26, 2026
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- Jul 10, 2026
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Iraq Rushes Oil Offers amid High Shipping Costs (opens the original)
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Iraq's state-owned marketing company is offering buyers last-minute crude cargoes, according to people with direct knowledge of the matter, as sky-high freight rates complicate the purchase of shipments from deep inside the Persian Gulf. With more oil available for purchase - a sign that some traders have backed out - SOMO has been prompted to offer late-September crude to at least two companies, the people said, asking not to be named as they are not authorized to speak to the media. If Iraq ca
Saudis Ease Asia Oil Crunch (opens the original)
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Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter, helping to avert a looming supply crunch in the region. The crude for delivery in October and November will be sent via the Strait of Hormuz, said the traders, asking not to be named as they’re not authorized to speak to media. Chinese state-run and independent refiners, as well as processors in India, Japan and South Korea are among the buyers, th
Aramco Poised to Resume Oil Exports at Red Sea Port (opens the original)
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Several Asian refiners have been told informally by Saudi Aramco they will soon be able to pick up oil from the Red Sea port of Yanbu, according to traders familiar with the matter. At least three fuel processors have been given informal assurances about the loadings from executives at the state-run company, rather than official notices, the traders said, asking not to be named as they're not authorized to speak to media. No timelines were given, they said. Loadings from Yanbu have been all-but-
Japan Refiners Rush for Mideast Oil (opens the original)
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Japanese refiners have stepped up purchases of Middle Eastern oil after the shutdown of a key Saudi Arabian pipeline heightened concerns over prompt supplies. Eneos Holdings Inc. and Idemitsu Kosan Co. recently bought Oman crude for loading as early as October, according to traders familiar with the matter. That’s earlier than usual, they said, asking not to be named as they’re not authorized to speak to the media. Persian Gulf cargoes purchased in September typically load in November. Asian ref
Asia Oil Buying Spree Sends ME Crude Prices Soaring (opens the original)
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Refiners in India and China, the world’s two biggest oil importers, are stepping up spot purchases of Middle Eastern crude and pushing prices higher. Oil processors in both countries are bidding more aggressively for Persian Gulf barrels, competing with buyers in South Korea and Japan for supplies threatened by a flare-up in US-Iran hostilities. Benchmark Dubai futures have climbed to nearly $100 a barrel, the highest since May, while physical premiums for Oman and Murban crude have also surged
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