Category: Crude Oil

Even before the latest Saudi-instigated oil war crashed oil prices, Oman had a budget breakeven price per barrel of Brent of over US$85, with a senior legal source in Abu Dhabi focussed on the oil industry spoken to by OilPrice.com at that time stating that the Sultanate needed at least US$7 billion ‘very quickly’ to avoid extremely

India’s strategic crude oil reserves will be full by mid-May, said petroleum minister Dharmendra Pradhan. The minister was speaking to Daniel Yergin, vice chairman, IHS Markit. “India has 5.3 million metric tons of strategic storage capacity. By mid-May it will be full. Apart from that our companies have 7 million metric tons of floating oil