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2020-04-02 14:55:00

#OilPriceWar: ARAMCO'S OIL DELIVERIES UP

#OilPriceWar: ARAMCO'S OIL DELIVERIES UP

PLATTS - 01 Apr 2020 - Released from its OPEC obligations to rein in production, Saudi state-run oil giant Aramco said Wednesday it was filling 15 tankers with more than 18.8 million barrels of crude — its most ever in one day as it ratchets up its price war with erstwhile ally Russia.

But plummeting demand, tightening storage availability and shrinking refinery margins with much of the world on coronavirus lockdowns could leave some of those cargoes struggling to find buyers, according to market sources, who say Aramco will have to slash its selling prices further to unload all of its crude.

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Earlier:

#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 30, 10:25:00
#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 30, 10:20:00
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Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 30, 10:15:00
#OilPriceWar LOSSES $192 BLN
Oil exporters in the Middle East and North Africa region will lose $192 billion in crude income in 2020
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 27, 13:55:00
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Russia ramped up measures to combat the virus on Wednesday, with Russian President Vladimir Putin announcing that next week would be a paid non-working week throughout the country.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 26, 11:40:00
#OilPriceWar: U.S. NEED HELP
Some US shale producers have been pressuring the Trump administration to intervene in the price war, which broke out after Russia earlier this month declined to go along with an OPEC proposal for production cuts to prop up prices.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 26, 11:35:00
#OilPriceWar: CHINA WINS
China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, March, 23, 13:45:00
#OilPriceWar VICTIM
US oil producers are likely to be a victim of the oil-price war,
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Tags: OIL, PRICE, SAUDI, ARABIA, RUSSIA, USA, OPEC
Chronicle:
#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, September, 24, 12:09:00
PUBLIC PRIVATE PARTNERSHIP WORKSHOP: FINANCING, PROJECTS & CONTRACTS
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2020, September, 24, 12:08:00
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2020, September, 24, 12:05:00
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2020, September, 24, 12:00:00
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2020, September, 24, 11:55:00
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#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, September, 23, 15:15:00
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#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
2020, September, 23, 15:10:00
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