Out of the 81.05 million barrels total crude imported by Japan in July, 79.17 million barrels – or 97.17 percent – were supplied by Arab countries
oil supply
Latest in oil supply
Arab Light Crude
Oil backs off Saudi-inspired three-month high as India doubles down on Russian crude
India says it wants a new six-month deal for Russian oil, despite the Ukraine invasion, forcing crude prices to slip a little from an earlier rally.
Bruno Le Maire
France in talks with UAE to replace Russian oil, diesel as Ukraine war deepens
Meanwhile, Saudi Arabia indicates confidence in demand with a bigger-than-expected selling price increase across Asia
drone attack
Saudi Ministry of Energy condemns drone attack on Riyadh refinery
The attack resulted in a “small fire, which was extinguished immediately”, the official said. It did not result in any injuries or deaths.
oil supply
OPEC+ set to boost supply again as oil market looks tighter
23-nation alliance led by Saudi Arabia and Russia is on track to ratify another modest output revival of 400,000 barrels a day, restoring supplies shuttered during the pandemic
coronavirus
Video: Global oil market in crisis amid virus lockdowns
Crude oil prices have fallen sharply as virus lockdowns cut demand.
crude production
Video: All eyes are on US oil production, Bahrain minister says
Sheikh Mohammed bin Khalifa Al Khalifa, Bahrain’s oil minister, outlines the supply and demand challenges facing the oil market.
drone attack
Opinion: Is oil heading back towards $100 a barrel?
The impact on oil prices following drone attacks on Saudi production
AB Live
Middle East no longer as ‘crucial’ for the oil industry
Impact of tanker attacks on the Strait of Hormuz hasn’t affected oil price as much as expected
crude oil
Saudi Aramco to finish pipeline expansion, reducing reliance on Hormuz
About a fifth or the world’s oil production passes through the narrow Strait of Hormuz, but its vulnerability has been brought into focus in recent months as tensions between and the US and Iran escalated
global oil market
Saudi, UAE see sufficient oil supplies, rising stocks
Producer nations discussed how to stabilise a volatile oil market amid rising US-Iran tensions in the Gulf
Crude price
Trump’s tweets about OPEC and oil prices do more harm than good
With oil prices rising ahead of US November midterm elections, Trump has tweeted his frustration three times to no avail
Brent
Oil rally falters after price hits $75 for first time since 2014
US President Donald Trump – facing high retail gasoline prices ahead of midterm elections – is pushing Saudi Arabia to boost output