Why Middle East Producers Cut Prices In The Face Of Soaring Chinese Oil Demand
There are several bullish factors that should push oil prices higher in 2023, and one of the principal ones is soaring Chinese demand
Source: oilprice.com
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Middle East Producers Cautious To Hike Oil Prices At Start Of 2023
As we head into the first month of 2023 in an ambivalent environment where supply tightness and recession fears pull the markets in different directions, Middle East oil producers proceed with caution
Source: oilprice.com
Middle East Oil Producers Under Pressure To Cut Prices Again
Following a year of rising crude demand and tight supply, the crude futures market is now pointing at oversupply, and many Middle East producers will be forced to slash premiums again
Source: oilprice.com
Kuwait cuts December crude price for Asia — document
SINGAPORE: Kuwait dropped the official selling price for one of two crude grades it sells to Asia in December from the previous month, a price document reviewed by Reuters showed on Monday. The producer has set the December Kuwait Export Crude price at $3.20 a barrel above the average of Oman/Dubai quotes, down 80 cents from the previous month. It also set the December Kuwait
Source: arabnews.com
Saudi Arabia Lowers Oil Prices for Asia as Economies Slow
Saudi Aramco cut the price of its key Arab Light grade for December sales to Asia by 40 cents to $5.45 a barrel above the regional benchmark.
Source: bqprime.com