Anthony Di Paola

Saudi Arabia cut the price of its main crude grade for customers in Asia in August by the most in at least 26 years, as a surge of global supply heightens competition for buyers.

Arabia Saudita redujo el precio para agosto de su principal variedad de crudo para los clientes asiáticos en la mayor proporción registrada en al menos 26 años, debido a que el aumento de la oferta mundial ha intensificado la competencia por los compradores.

Abu Dhabi National Oil Co.’s retail unit agreed to buy Shell Plc’s fuel stations in South Africa at a $1 billion enterprise value, giving the Emirati company access to Africa’s biggest economy for the first time.

Saudi Arabia’s attempts to revive oil flows from its reopened Ras Tanura terminal on the Persian Gulf are running into caution from customers, who are reluctant to load there because of renewed threats to shipping, according to people familiar with the matter.

The United Arab Emirates boosted crude oil production to an all-time high last month, the most compelling evidence yet of how Abu Dhabi responded more boldly than any of its Persian Gulf neighbors to disruption caused by the Iran war.

(Bloomberg) -- The United Arab Emirates boosted crude oil production to an all-time high last month, the most compelling evidence yet of how Abu

Abu Dhabi National Oil Co. will sell offshore crude oil for collection outside the Strait of Hormuz at levels indexed to the Dubai benchmark, according to a price sheet seen by Bloomberg.

Two United Arab Emirates-linked supertankers came under attack while sailing “dark” through the Strait of Hormuz, threatening one of the main methods of getting non-Iranian crude to the global market during the war.

Iran’s recent attacks on oil tankers are jeopardizing an innovative trade that has rapidly expanded in recent months to become one of the main ways for getting crude out of the Persian Gulf — so-called “shuttle runs.”

(Bloomberg) -- Iran's recent attacks on oil tankers are jeopardizing an innovative trade that has rapidly expanded in recent months to become one