Aramco Expected to Cut Oil Price for Asia amid Higher Competition
An influx of cheaper US and European barrels drives up competition in the world's biggest importing region.
Source: rigzone.com
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Baystreet.ca - Saudi Arabia Expected to Cut the Price of Its Oil to Asia
Saudi Arabia is expected to reduce its official selling price for crude for Asian buyers, a survey among analysts conducted by Bloomberg has shown. According to the survey sample, including a total of six refiners and traders, the move would be ...
Source: baystreet.ca
Saudis expected to cut oil price amid growing competition
Saudi Aramco is forecast to cut the price of its flagship oil grade to Asia for the first time since June as an influx of cheaper US and European barrels drives up competition in the world’s biggest importing region.
Source: thestar.com.my
The Middle East Enjoys Last Month Of High Prices Before Cuts Kick In
Over the past month, oil prices have shed some $10 per barrel and WTI even started to see contango as market sentiment soured, developments that will inevitably lead to lower Middle East OSPs in December
Source: oilprice.com
Saudi steady decisions show rising crude oil demand worries
Saudi Arabia made two recent decisions that on the surface seem to indicate a steady crude oil market outlook but may point to a ticking up in concern over the state of demand.
Source: thestar.com.my