-
Saudi Arabia's crude oil exports rose for the second straight month in March, reaching their highest in nine months, data from the Joint Organizations Data Initiative (JODI) showed on Monday. Why is it important? Saudi Arabia is the world's largest exporter of crude oil. Sources with knowledge of the matter have told Reuters that Saudi Arabia and its allies ...
-
CME Group, the world's leading derivatives marketplace, today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024: • Record ADV of 17.8K contracts, up 54% year-over-year • Record ADV for WTI Midland contracts of 7.1K, ...