This forced VRA to buy light crude oil for more than one year and that affected VRA's balance sheet after the gas supply resumed. (ghanapoliticsonline.com)
The energy market could have a new benchmark oil price when Dubai launches its Middle East sour crude futures contract as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil. (cnbc.com)
Saudi Arabia's Aramco said yesterday that it will raise the October price of its Arab Light crude oil blend for Asian clients by US$ 0.55 a barrel to a premium of US$ 0.30 to the Oman / Dubai average. (oilprice.com)