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DME Oman crude up over 100% since production cuts implemented

DME Oman crude up over 100% since production cuts implemented

Oman crude oil Benchmark trading on the Dubai Mercantile Exchange, DME, has doubled in price since the record cuts agreed by the OPEC+ group and other major producers were implemented in time for May loading schedules. DME said in a statement

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Saudis Weigh Large Oil Cuts in Response to Coronavirus

Saudis Weigh Large Oil Cuts in Response to Coronavirus

Saudi Arabia is pushing for a major, short-term oil production cut as it seeks to respond to the impact of China’s deadly coronavirus on crude demand, according to OPEC officials. Representatives of the Organization of the

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