A sharp recovery in oil product margins over July may lead Saudi Aramco and Iraq's SOMO to tone down the extent of price cuts on crude oil headed to Asia in September, a survey of market participants by S&P Global Platts showed this week.
"[There] should be cuts, but restrained cuts due to...
India imported in June the highest volume of Venezuelan crude in 21 months, more than double the amount from May and more than 50% higher than in June 2018, Reuters reported on Monday, citing data provided by industry and shipping sources.
The surge in India’s imports of Venezuelan crude oil to...