Middle East Benchmark Crude Prices Weakest Since 2020
Middle East crude benchmarks Dubai and Oman deepened discounts to Dubai swaps this week to levels last seen in 2020.
Source: oilprice.com
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World Economic Forum Includes Yanbu Refinery into Industrial Lighthouses Network
The World Economic Forum (WEF) announced, on Monday, the inclusion of Saudi Aramco’s Yanbu Refinery within the “Industrial Lighthouses” network, in appreciation of its efforts in the effective application of advanced technologies, which seek to provide many operational, commercial and environmental benefits. According to a statement by Aramco, Yanbu Refinery is the fourth Aramco facility to be included in this global network, along with other major facilities, such as the Abqaiq oil processing plant, the Uthmaniyah Gas Plant, and the Khurais oil production facilities.
Source: aawsat.com
Saudi Arabia's crude exports rise to four-month high in October
Saudi Arabia's crude exports rise to four-month high in October
Source: dunyanews.tv
Saudi Arabia to Supply Full Oil Volumes to North Asian Clients
Saudi Arabia has told some North Asian buyers that it will supply full contractual volumes, although Asian demand for Saudi oil appears to be weakening due to high prices.
Source: oilprice.com
Chinese Demand for Saudi Crude Slumps to 5-Month Low
Chinese demand for Saudi crude fell to its lowest level in 5-months after Saudi Arabia priced its crude higher than the market was expecting.
Source: oilprice.com