Interfax Says Russia Doesn’t See Need for More OPEC+ Cuts
There’s no need for additional oil output cuts beyond what key producers have already agreed, as the global crude market has achieved balance, Interfax reported, citing Russian Deputy Prime Minister Alexander Novak
China Ships Out Less Gasoline and Diesel as Local Market Heals
Refiners in China cut exports of gasoline and diesel in March as they prioritized domestic sales in a further sign of recovery in the world’s largest crude oil importer
Analysts Flag Decisive Factor Behind OPEC+ Cut
The decisive factor behind the voluntary production cut from some OPEC+ members was positioning data and the rapid move towards a bearish speculative extreme amid the market turmoil that followed the collapse of SVB.
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Aramco In Talks with Sinopec, Total on $10B Saudi Gas Deal
The Chinese and French energy giants are in separate discussions with Saudi Aramco about the plans that may include the construction of facilities to export the fuel as liquefied natural gas