QatarEnergy sharply cut the term price for al-Shaheen crude oil loading in January, trade sources said on Friday, in line with a recent fall in Middle East spot premiums.
QatarEnergy sharply cut the term price for al-Shaheen crude oil loading in January, trade sources said on Friday, in line with a recent fall in Middle East spot premiums.
The January term price fell to 73 cents a barrel above Dubai quotes, the sources said, down for a second straight month and at a multi-month low. The sources declined to be named as they are not authorised to speak with the media.
The term price for December cargoes was at a premium of $1.93 a barrel.
For its January tender, QatarEnergy sold five cargoes at premiums between 40 and 70 cents a barrel to Dubai quotes, the sources said.
Japanese refiner Eneos bought two cargoes, while Exxon Mobil , TotalEnergies, and Unipec took one each, they added.
Traders said QatarEnergy offered more spot al-Shaheen crude in January as the term prices in some months this year were higher than spot market levels, deterring trading firms from committing to full-year supplies.
Spot premiums for Middle East crude have fallen sharply over the past one month, weighed down by demand weakness in China, the world's No.1 crude oil importer.
Danish jeweler Pandora estimates that U.S. tariffs could cost the company around 1.2 billion crowns ($178 million) annually. While some mitigation is possible, Pandora is exploring further measures, including price adjustments and supply chain changes, to reduce the financial burden.
The British driver dismissed rumors about losing faith in the team, emphasizing that success will take time as he adjusts to a new environment in his first season with Ferrari.
The Bulgarian government, headed by Rosen Zhelyazkov, overcame a no-confidence vote initiated over its foreign policy.
TikTok’s fate in the United States is once again hanging in the balance, as a looming deadline threatens to force a sale—or trigger a nationwide ban—amid a flurry of last-minute bids and high-stakes political maneuvering.
A roundtable discussion on Azerbaijan’s demining initiatives was held at the Hudson Institute in Washington, organized by the Azerbaijani Embassy. Representatives from ANAMA and the Ministry of Foreign Affairs provided insights into ongoing operations and challenges related to landmine clearance.
President Vladimir Putin’s special envoy for international economic and investment cooperation confirmed Thursday that he has been meeting with White House officials to restore a U.S.-Russian dialogue that was “completely destroyed under the Biden administration."
Danish jeweler Pandora estimates that U.S. tariffs could cost the company around 1.2 billion crowns ($178 million) annually. While some mitigation is possible, Pandora is exploring further measures, including price adjustments and supply chain changes, to reduce the financial burden.
US Vice President JD Vance denied reports of Elon Musk leaving his government role, confirming he’ll remain an advisor. Vance also touched on efforts to cut government spending and the upcoming decision on TikTok’s future in the US.
The British driver dismissed rumors about losing faith in the team, emphasizing that success will take time as he adjusts to a new environment in his first season with Ferrari.
The European Bank for Reconstruction and Development (EBRD) and the Food and Agriculture Organization of the United Nations (FAO) have joined forces to improve farmland management and strengthen food security in the Kyrgyz Republic.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
Danish jeweler Pandora estimates that U.S. tariffs could cost the company around 1.2 billion crowns ($178 million) annually. While some mitigation is possible, Pandora is exploring further measures, including price adjustments and supply chain changes, to reduce the financial burden.
The European Bank for Reconstruction and Development (EBRD) and the Food and Agriculture Organization of the United Nations (FAO) have joined forces to improve farmland management and strengthen food security in the Kyrgyz Republic.
Asian stock markets experienced a significant decline on Thursday following the announcement by US President Donald Trump of new reciprocal tariffs on several US trade partners. The tariffs, which range from 10% to 50%, were announced by Trump on April 2, a day he referred to as “Liberation Day.”
Eight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up gradual production hikes.
The EU is preparing countermeasures after Trump’s sweeping tariffs, set to impose a 10% minimum duty on imports and 20% on EU goods. European leaders warn of economic fallout as trade ministers plan next steps, with talks critical to avoiding a trade war.
President Vladimir Putin’s special envoy for international economic and investment cooperation confirmed Thursday that he has been meeting with White House officials to restore a U.S.-Russian dialogue that was “completely destroyed under the Biden administration."
Danish jeweler Pandora estimates that U.S. tariffs could cost the company around 1.2 billion crowns ($178 million) annually. While some mitigation is possible, Pandora is exploring further measures, including price adjustments and supply chain changes, to reduce the financial burden.
US Vice President JD Vance denied reports of Elon Musk leaving his government role, confirming he’ll remain an advisor. Vance also touched on efforts to cut government spending and the upcoming decision on TikTok’s future in the US.
The British driver dismissed rumors about losing faith in the team, emphasizing that success will take time as he adjusts to a new environment in his first season with Ferrari.
The European Bank for Reconstruction and Development (EBRD) and the Food and Agriculture Organization of the United Nations (FAO) have joined forces to improve farmland management and strengthen food security in the Kyrgyz Republic.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment