West Texas Intermediate crude for July delivery ...
West Texas Intermediate crude for July delivery CL00 CL CLN22 rose 47 cents, or 0.4%, to $119.34 a barrel on the New York Mercantile Exchange after trading at a session high of $121. WTI on Friday closed at the highest for a most actively traded contract since March 8.
August Brent crude BRN00 BRNQ22, the global benchmark, was up 46 cents, or 0.4%, at $120.18 a barrel on ICE Futures Europe.
Back on Nymex, July gasoline RBN22 fell 0.7% to $4.2231 a gallon after closing at a record on Friday, while July heating oil HON22 was up 0.6% at $4.3067 a gallon.
July natural gas NGN22 jumped 5.2% to $8.962 per million British thermal units.
Mexico Close to Agreement with Talos Energy on Zama Project
The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a...
The Mexican government is close to reaching a deal with U.S.-based Talos Energy over the future of a potentially lucrative shared crude discovery, the president said on June 3.
The handling of Zama, a deposit holding some 900 million barrels and located offshore in the southern Gulf of Mexico, which provoked a battle over who would run the project, is being closely watched by U.S. investors as a test of President Andres Manuel Lopez Obrador’s commitment to respecting private contracts in the politically sensitive energy sector.
🔥From Twitter: US May Allow More Iran Oil to Flow Even Without Deal, Says Vitol
The US may allow more sanctioned Iranian...
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, says Vitol executive, especially “if the midterms are dominated by the need to get gas prices lower in America.” https://t.co/Q4fgYWn9Zf
Saudis Raise Oil Prices More Than Expected Amid Asia Rebound
Saudi Arabia raised oil prices for its biggest market in Asia by more than expected as the region’s...
Saudi Arabia raised oil prices for its biggest market in Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand.
The increase for July shipments resumes a streak of hikes that started in February and was only broken when state producer Saudi Aramco cut prices from record levels a month ago.
Aramco raised its key Arab Light crude grade for Asian customers by $2.10 a barrel from June to $6.50 above the benchmark it uses. The market was expecting a boost of $1.50, according to a Bloomberg survey of refiners and traders.
Aramco also increased all grades for northwest Europe and the Mediterranean regions. Prices for US customers were kept unchanged for the second straight month.
