MAJOR AMERICAN OIL PRODUCERS LOOK TO SLASH BUDGETS BY 30% FOR THE YEAR

Highlights:

• US President Donald Trump announced his plan to buy 90 million barrels of natural oil to be stored in the petroleum reserve.
• However, experts believe it is unlikely to change the trajectory of calculations through the week as the future lo...

Qatar Revamping Its Oil Pricing Mechanism

Earlier this week, Qatar announced a major revamp of its crude pricing formula. It has set the official selling prices (OSPs) that reference benchmark Platts Oman and Dubai assessments.

The newly-announced OSP for term supplies of Qatar Marine and Qatar Land crude grades by State-owned ...

Oil prices increased in the upcoming holiday season

Oil prices altered little on December 23, holding near a three-month high on the confidence over a nearing US-China trade deal even as Russia stated an OPEC-led pact may consider relaxing output cuts next year.

Brent crude was increased by 9 cents, or 0.14%, at $66.23 per barrel by 1240...