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MURBAN CRUDE PRICES
Abu Dhabi proposes new oil-pricing system to mirror wider marketAbu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The compan...- "Geopolitical Earthquake": UAE quits OPEC to defy Saudi energy dominance, says analysisThe UAE has exited OPEC and OPEC+, ending decades of Saudi economic influence. Analysts call it a "political rebellion" prioritizing market...
- Iran war puts Middle East Dubai oil benchmark under stress as prices soarThe halting of oil exports through the Strait of Hormuz has left the Dubai Middle East benchmark, the price used to value nearly a fifth of...
- UAE announces higher petrol and diesel prices for April 2026Starting April 1, 2026, residents of the United Arab Emirates should prepare for a noticeable increase in fuel costs. The price of Super 98...
- HPCL, MRPL buy 5 million barrels US, Mideast oil, sources sayTwo Indian state-run refiners have purchased a total of 5 million barrels of crude oil from the spot market as they seek alternatives to Ru...
- Indian Oil, BPCL said to buy 22 million barrels of non-Russian crude for Sept-Oct deliveryIndian Oil Corporation and Bharat Petroleum Corporation have purchased a significant amount of non-Russian crude oil. The state refiners ac...
- Indian state refiners pause Russian oil purchases, sources sayIndian state refiners halt Russian oil purchases recently. This is due to shrinking discounts and warnings from U.S. President Donald Trump...
- Indian refiners look more widely for oil after EU’s Russia curbsIndian oil refiners, the top buyers of Russian crude, are exploring alternative sources like Azerbaijan, Nigeria, and the UAE amid fresh EU...
- U.S. crude prices down nearly 2% as levies on China take effectU.S. crude prices dropped nearly 2% due to the imposition of U.S. tariffs on China, leading to Beijing retaliating with tariffs on U.S. coa...
- India BPCL awards 12-month Murban crude import tender to TotalIndia's Bharat Petroleum Corp secures a 12-month import deal for 1 million barrels of Abu Dhabi's Murban crude oil monthly from April with ...
- Indian refiners seek crude after US sanctions disrupt Russia oil supplyIndian refiners MRPL and BPCL issued tenders seeking crude oil after U.S. sanctions disrupted Russian supply. MRPL seeks offers for 1-2 mil...
- IOC buys 7 million barrels of Middle East, African oilIndia's top refiner, Indian Oil Corp (IOC), has purchased 7 million barrels of Middle Eastern and African crude oil via tenders, including ...
- India jostles with China for April ESPO crude from Russia, prices jumpCompetition from India has narrowed discounts for April-loading ESPO shipments to about $6.80 a barrel against June ICE Brent DES basis to ...
- UAE's ADNOC to cut 5% of Dec crude volumes to term-buyers in Asia - sourcesThe cut comes as the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, started to trim output by ...
- Saudi Arabia may cut October crude prices for AsiaState oil giant Saudi Aramco could cut the official selling price (OSP) for its flagship Arab Light crude by about $4.50 a barrel in Octobe...
- Saudi Arabia expected to cut June crude prices for Asia: SurveySources at five Asian refiners expected the June OSP for flagship Arab Light crude to decrease by an average of 28 cents a barrel, which wo...
- Middle East Crude-Benchmarks rise; NWS condensate strengthensWoodside and BHP sold their December-loading cargoes to BP at narrow discounts of smaller than $1 to dated Brent, traders said, as robust n...
- OPEC basket price rose more to $72.86OPEC's reference crude oil basket price rose further to $72.86 a barrel on Thursday from $71.15 the previous day.
- OPEC basket price rose to $44.48 on MondayOPEC's reference crude oil basket price rebounded to $44.48 a barrel on Monday from $42.56 the previous day.
- OPEC basket price fell more to $55.90 on TuesdayOPEC's reference crude oil basket price dropped further to $55.90 a barrel on Tuesday from $56.80 the day before, OPEC said on Wednesday.
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