Asian Oil Buying Spree Sends Dubai Crude Toward $100
Stronger appetite for Middle Eastern crude grades from China and India has added upward pressure on prices for…
UAE Rewrites Offshore Oil Pricing To Capture Asian Markets
Previously, we reported that Abu Dhabi’s flagship crude, Murban crude, has rapidly risen to prominence, with Murban crude…
Middle East Oil Pricing Is Cracking Under Pressure
In a “perilous position,” the Platts Dubai benchmark used to price around 18 million barrels per day, nearly…
Murban’s Growing Market Depth Puts It Head-to-Head With WTI in Asia
Back in 2016, Murban crude was introduced into the Dubai basket, along with Al-Shaheen, as a response to…
Indian Refiner Reliance Offers Rare Sale of Middle East Crude
India’s Reliance Industries, the top private refiner in the country, is looking to sell some UAE and Iraqi…
The Middle East Oil Refining Boom Has Created A New Pricing Mechanism
Since the 1950s, the Middle East has established itself as the world’s most prolific oil producing region, typically…
‘I’m not thrilled’: Donald Trump reacts after receiving a drop of ‘highest quality oil’ during UAE visit
US President Donald Trump, who is in the United Arab Emirates, was presented with high-quality crude oil, but…