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10.09.26 - 06:01
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Präsident der Emirate kommt zum Staatsbesuch nach Berlin (DPA-AFX)
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BERLIN (dpa-AFX) - Der Präsident der Vereinigten Arabischen Emirate (VAE), Mohammed bin Sajid, kommt am Donnerstag zu einem zweitägigen Staatsbesuch nach Deutschland. Beide Seiten haben vorab angekündigt, dass sie ihre Beziehungen auf eine neue Stufe ......
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05.09.26 - 01:33
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Asian Oil Buying Spree Sends Dubai Crude Toward $100 (ZeroHedge)
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Asian Oil Buying Spree Sends Dubai Crude Toward $100
Authored by Irina Slav via OilPrice.com,
Stronger appetite for Middle Eastern crude grades from China and India has added upward pressure on prices for these grades, pushing the Dubai futures close to $100 per barrel, Bloomberg reported today, citing unnamed traders.
Demand for Middle Eastern oil is especially strong from refining majors such as Indian Oil Corp. and PetroChina, as well as refiners in South Korea and Japan, the report said. This is despite the latest escalation between the United States and Iran, with Saudi Arabia's oil exports dropping to the lowest since 2017, according to data from ship-trackers including Kpler and Vortexa.
A further price rally may well be on the table as some cargoes face delays from August to September and October, Bloomberg also noted. At the time of writing, Murban futures, the UAE benchmark, was trading at $106.10 per barrel, and DME Oman, the Middle East sour crude benchmark for Asia, was trading a...
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