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An upward trend in refining margins and allocation of new quotas helped lift feedstock imports by China’s independent refiners to six-month highs in November, latest data by S&P Global Platts showed on Dec. 6., as expectations rise that interest for early 2022 cargo arrivals will remain buoyant. Combined feedstock imports for China’s independent refineries bucked ...

Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month, but weak refining margins and an oil reserves release by consumers may cap gains, trade sources said. The January official selling price (OSP) for flagship Arab Light crude could stay little ...

Middle East crude benchmarks Oman and Dubai held firm on Friday as traders look ahead to Saudi Arabia's official selling prices due this weekend for market direction.

Middle Eastern producers have maintained rigorous discipline in adhering to OPEC+ output cuts, but in the meantime, the battle for market share in Asian markets heats up

Kuwait dropped the official selling prices (OSPs) for two crude grades it sells to Asia for a second straight month in November, a price document reviewed by Reuters showed on Monday. Kuwait Petroleum Corp (KPC) has set the November Kuwait Export Crude (KEC) price at 90 cents a barrel above the average of Oman/Dubai quotes, ...

Top oil exporter Saudi Arabia may just trim November crude prices for customers in Asia even though Middle East benchmarks posted wider declines this month, industry sources said. State oil giant Saudi Aramco, which typically sets prices based on the monthly change in benchmark Dubai’s market structure, is expected to deviate from its usual pricing ...

Top oil exporter Saudi Arabia may just trim November crude prices for customers in Asia even though Middle East benchmarks posted wider declines this month, industry sources said.

Middle East oil producers were looking to ramp up supply this autumn, but poor demand in Asia as a result of another wave of COVID is throwing a spanner in the works

Many Asian refiners have requested smaller amounts of oil from Saudi Arabia for September as the COVID-19 pandemic continues to hurt demand after fears about the Delta variant. At least four customers – three in Northeast Asia and one in Southeast Asia – have asked for volumes lower than their contracted supplies for September, Bloomberg ...

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