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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 ...
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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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