Rumays Intl. Trading Co.

Crude Oil News April 25, 2023

4/25/2023 April 25, 2023   Oil Steady after Two-Day Gain as Supply Issues Blunt Demand Woes Exports of crude from Iraqi Kurdistan still remain paused WTI trades near $79 after rising 2% over last two sessions Oil steadied after two days of gains with an uncertain demand outlook being partially offset by disruptions to supply […]

Crude Oil News April 11, 2023

4/11/2023 April 11, 2023 Oil Rises about 2% with U.S. and China Inflation in Focus Oil prices rose about 2% on Tuesday on hopes that the Federal Reserve might ease up on its policy tightening after a key U.S. inflation report this week, though concerns remain over Chinese demand. Brent crude futures settled up $1.43, […]

Crude Oil News April 3, 2023

4/3/2023 April 03, 2023 Oil Prices Surge after OPEC+ Producers Announce Surprise Cuts Oil prices spiked during Asian trade Monday after OPEC+ producers said they would cut production in a surprise move. Brent crude, the global benchmark, jumped 4.8% to $83.73 a barrel, while WTI, the US benchmark, rose 4.9% to $79.36. Rising oil prices […]

Crude Oil News April 2, 2023

4/2/2023 April 02, 2023 Saudis, Other Oil Giants Announce Surprise Production Cuts Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide. Higher oil prices would help fill Russian President […]

Crude Oil News March 24, 2023

3/24/2023 March 24, 2023  India Set to Surpass China in Need for Oil as Growth Paths Diverge A change is on the horizon for oil demand, with India set to eclipse China as the most important driver of global growth — and potentially the last, as the world shifts to a greener future. Indonesia’s environmental […]

Bitumen News March 15, 2023

Indonesia Requests Compensation for Bitumen Spill Indonesia’s environmental ministry has asked the owner of the MT Aashi vessel, which sank and spilled bitumen off the west coast of Indonesia in mid-February, to compensate for environmental losses and undertake coastal and marine restoration. The vessel carrying around 1,900t of bitumen ran aground on 11 February following […]

Bitumen News March 13, 2023

India’s Bitumen Sector Shrugs off Curbs on Ageing Ships India’s bitumen market expects to see minimal impact from new shipping regulations, which will halt the issuing of trading licenses for oil tankers and other vessel types that have surpassed their maximum age limit of 25 years. The new rules, which came into effect on 24 […]

Bitumen News March,02,2023

3/2/2023 March 02, 2023   Kazakh crude could boost Schwedt output   Kazakh crude could significantly reduce technical problems at the 226,000 b/d Schwedt refinery in Germany and increase output. The first test delivery of 20,000t of Kazakh crude is already on its way to Germany, ordered by Rosneft Deutschland. The delivery of Kazakh Kebco […]