Monday, May 29, 2023

Crude

Jordan, Iraq renew crude supply deal

Jordan and Iraq reached have a deal to renew the export of Iraqi crude to the kingdom under preferential terms, Jordan's Ministry of Energy and Mineral Resources said in a statement. The deal was signed by Jordan's Minister of Energy...

New normal for Brent crude price may be $ 75-80 a barrel

The new normal for Brent crude price may be around Saudi Arabia's fiscal break-even crude price of USD 75-80 a barrel, JM Financial Institutional Securities said in a report. IEA expects the surprise, voluntary output cut of 1.66mmbpd (from May'23...

Cost of War: Crude expected in $95 to $100 per barrel range

Continuing hostilities between Russia and Ukraine as well as rising demand is expected to keep global crude oil prices in the range of $90-to-$100 per barrel in the short to medium term.For India, the price range is a cause...