Page 5 - Extra Light News Today

OUR recent feature on Spinks Bar in Bradford sparked some pub memories for CHRIS SMITH, who writes:

Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia in December, supported by a rebound in distillate margins and spot premiums for Middle Eastern oil this month, trade sources said. After cutting prices for two straight months, state oil giant Saudi Aramco (SE:2222) may raise the official selling price (OSP) ...

Saudi Arabia may raise light crude prices to Asia in December

Saudi Aramco’s cut to its official selling prices for Asia-bound crude in November could prompt refiners in the region to seek more term crude supplies, according to trade sources. Aramco cut November differentials for Super Light by 10 cents/b, Extra Light by 20 cents/b, Light and Medium by 40 cents/b, and Heavy by 50 cents/b ...

Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled Wednesdays session sharply lower.

Saudi Aramco cut nearly all of its November official selling prices for Asia, Mediterranean, European and US-bound cargoes, giving global refiners an incentive to increase crude liftings as OPEC+ raises output. The price moves follow the Oct. 4 meeting of OPEC and its allies, during which the group agreed to increase crude production by 400,000 ...

Saudi Aramco and other Middle East producers are expected to cut official selling prices, or OSPs, for crude loading in November on weak demand-supply fundamentals that led to a sharp correction in benchmark Platts Dubai differentials in September, traders told S&P Global Platts. This month, a further reduction in prices of 30-50 cents/b across all ...

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.

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Shu Zhang 4 minute read General view of Saudi Aramcos Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah Top oil exporter Saudi Arabia is expected to slightly increase its July official selling prices (OSPs) of light crude for Asia, as margin weakness and demand uncertainty cap the upside despite stronger crude benchmarks, a Reuters survey showed. Sources at five Asian refiners on average expected the July OSP for Saudi flagship grade Arab Light to ri...