Sour Crude

Global risk sentiment improved early Thursday after the Fed indicated rates might rise, but the Russia-Ukraine war is likely to sour investors' mood.

Investors' sentiment turned sour on concerns of the impact of aggressive economic sanctions on Russia in response to its invasion of Ukraine.

The sale of SPR oil, which is mainly blended sour crude, is expected to depress the value of U.S. sour crude Mars and benefit buyers in Asia which processes mainly high-sulphur oil.

Middle Eastern oil accounted for 71.5% of India's oil imports in July, its highest share in 26 months, while imports from Africa fell to 5%, the lowest in at least 14 years, data from trade sources showed on Friday. Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African ...

Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African barrels.

India's largest oil refiner is seeking to buy the crude grades Mars, Southern Green Canyon and Thunderhorse from the United States.

All the air was sucked out of Asian shares on Wednesday as oil prices took a fresh spill on news Kuwaiti oil workers ended a three-day strike, leaving markets suddenly directionless.

Asian share markets were in full retreat on Wednesday as a relentless slide in oil prices soured an attempted rally on Wall Street and dealt a further blow to global investors' appetite for riskier assets.

Saudi Arabian entrepreneur Essam al-Zamel has overcome many obstacles to found a string of technology companies in the past decade, but he thinks sliding oil prices will be hard to handle.

India's public sector refiner MRPL almost halved its import of sour crude oil from Iran in the first half of the current financial year to 1.7 million tonne (MT) against 3.2 MT during the same period of the previous fiscal year.

India's MRPL has bought sour crudes from alternative sources to Iran as Western measures against Tehran have forced a cut in those supplies, something that could strengthen New Delhi's case for a renewed waiver from U.S. sanctions.

Crude oil prices are close to a month's high after Iran stopped exports to six European nations.

Global risk sentiment improved early Thursday after the Fed indicated rates might rise, but the Russia-Ukraine war is likely to sour investors' mood.

Investors' sentiment turned sour on concerns of the impact of aggressive economic sanctions on Russia in response to its invasion of Ukraine.

The sale of SPR oil, which is mainly blended sour crude, is expected to depress the value of U.S. sour crude Mars and benefit buyers in Asia which processes mainly high-sulphur oil.

Middle Eastern oil accounted for 71.5% of India's oil imports in July, its highest share in 26 months, while imports from Africa fell to 5%, the lowest in at least 14 years, data from trade sources showed on Friday. Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African ...

Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African barrels.

India's largest oil refiner is seeking to buy the crude grades Mars, Southern Green Canyon and Thunderhorse from the United States.

All the air was sucked out of Asian shares on Wednesday as oil prices took a fresh spill on news Kuwaiti oil workers ended a three-day strike, leaving markets suddenly directionless.

Asian share markets were in full retreat on Wednesday as a relentless slide in oil prices soured an attempted rally on Wall Street and dealt a further blow to global investors' appetite for riskier assets.

Saudi Arabian entrepreneur Essam al-Zamel has overcome many obstacles to found a string of technology companies in the past decade, but he thinks sliding oil prices will be hard to handle.

India's public sector refiner MRPL almost halved its import of sour crude oil from Iran in the first half of the current financial year to 1.7 million tonne (MT) against 3.2 MT during the same period of the previous fiscal year.

India's MRPL has bought sour crudes from alternative sources to Iran as Western measures against Tehran have forced a cut in those supplies, something that could strengthen New Delhi's case for a renewed waiver from U.S. sanctions.

Crude oil prices are close to a month's high after Iran stopped exports to six European nations.