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Market move▲ Bullish for Indian equities
Saudi Arabia sells nearly 100 million barrels of crude to Asian buyers
The brief
- Saudi Arabia sold nearly 100 million barrels of crude to Asian buyers
- Indian refiners were among the buyers, alongside Chinese refiners
- Easing crude supply may support Indian refiners, while lower oil prices can weigh on upstream producers
- BPCL, HPCL, IOC, ONGC, Adani Power: Morgan Stanley positive on oil stocks, flags 3 surprises
- Petronet LNG shares: Nomura retains 'Buy', target price Rs 345; Kochi pipeline seen driving utilisation
- Kalpataru Projects International secures 'major' EPC order in oil and gas business in UAE
- BPCL Share Price Live Updates: BPCL's Recent Decline Below 100-Day Average
- ONGC Share Price Live Updates: ONGC's Recent Decline Below Moving Average
Saudi oil shipments through the Strait of Hormuz
Saudi Arabia increased crude shipments to Asian buyers, including India and China, as the Iran war and Hormuz crisis raised supply concerns. Ship-to-ship oil transfers in the Gulf of Oman have reached capacity amid the surge in exports.
Friday, 25 September
Thursday, 24 September
- Saudi Arabia sells nearly 100 million barrels of crude to Asian buyers