–
Asia midday crude futures: Ice Brent tips higher
Ice Brent crude futures extended gains in early Asian trading, after settling more than $4/bl higher in the previous session.
The Ice front-month December Brent contract was at $113.61/bl at 04:00 GMT, up by 44¢/bl from its settlement on 22 October when it ended $4.35/bl higher.
The Nymex front-month December crude contract was at $100.01/bl, up by 54¢/bl from its settlement on 22 October, when it ended $2.32/bl higher.
Oil prices settled higher on 22 October, on concerns about wider conflict in the Middle East region after attacks targeted civilian infrastructure.
An attack on Saudi Arabia's King Fahd International Airport in Dammam late on 21 October killed two people and injured eight others, according to the country's civil aviation authority GACA.
The attack caused some property damage, and operations have now resumed, with air traffic back to normal, GACA said.
The Yemen-based Houthi militant group later claimed responsibility and said it had also hit the Abha International Airport in the southwest Saudi province of Aseer, state-controlled Saudi Aramco's infrastructure at the Red Sea port of Yanbu and the Saudi defence ministry in Riyadh. Saudi Arabia has not confirmed the attacks on those three targets.
Aramco has ordered all its headquarters employees to work from home, sources said.
Kuwait's crude exports are at levels seen before the US-Iran war, according to state-owned KPC chief executive Sheikh Nawaf al-Sabah.
Speaking to Bloomberg TV, Sheikh Nawaf said KPC, which oversees all Kuwait's hydrocarbons production, is meeting all its obligations to all of its crude customers.
A draft of the EU's 22nd sanctions package, as seen by Argus, proposes new restrictions targeting entities involved across the Russian oil export chain, including firms linked to the transportation and trade of Russian crude and petroleum products.
The draft, dated 19 October, proposes adding 12 individuals and 105 entities to the EU sanctions list, bringing the total number of new designations under the package to 117.
Ice Brent crude futures extended gains in early Asian trading, after settling more than $4/bl higher in the previous session.
The Ice front-month December Brent contract was at $113.61/bl at 04:00 GMT, up by 44¢/bl from its settlement on 22 October when it ended $4.35/bl higher.
The Nymex front-month December crude contract was at $100.01/bl, up by 54¢/bl from its settlement on 22 October, when it ended $2.32/bl higher.
Oil prices settled higher on 22 October, on concerns about wider conflict in the Middle East region after attacks targeted civilian infrastructure.
An attack on Saudi Arabia's King Fahd International Airport in Dammam late on 21 October killed two people and injured eight others, according to the country's civil aviation authority GACA.
The attack caused some property damage, and operations have now resumed, with air traffic back to normal, GACA said.
The Yemen-based Houthi militant group later claimed responsibility and said it had also hit the Abha International Airport in the southwest Saudi province of Aseer, state-controlled Saudi Aramco's infrastructure at the Red Sea port of Yanbu and the Saudi defence ministry in Riyadh. Saudi Arabia has not confirmed the attacks on those three targets.
Aramco has ordered all its headquarters employees to work from home, sources said.
Kuwait's crude exports are at levels seen before the US-Iran war, according to state-owned KPC chief executive Sheikh Nawaf al-Sabah.
Speaking to Bloomberg TV, Sheikh Nawaf said KPC, which oversees all Kuwait's hydrocarbons production, is meeting all its obligations to all of its crude customers.
A draft of the EU's 22nd sanctions package, as seen by Argus, proposes new restrictions targeting entities involved across the Russian oil export chain, including firms linked to the transportation and trade of Russian crude and petroleum products.
The draft, dated 19 October, proposes adding 12 individuals and 105 entities to the EU sanctions list, bringing the total number of new designations under the package to 117.
By YouLiang Chay