Low-Quality Crude Sees Mysterious Price Rally
Middle Eastern oil producers are raising the export prices for their lower-grade crudes, and European buyers have no choice but to pay up
Source: oilprice.com
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Will Demand Concerns Force Middle East Producers To Cut Oil Prices
OPEC+ output cuts created an ideal scenario for Middle East producers to hike OSPs, but ongoing demand concerns could force them to cut prices in June
Source: oilprice.com
Contest for Oil Like Russia's Is Finally Heating Up for Europe
Flows from Russia, formerly the European Union's top supplier, have plummeted by more than a million barrels a day.
Source: rigzone.com
Will Banking Fears Force Middle East Producers To Cut Prices?
While there’s no indication that OPEC+ will jointly act to lower production in response to the banking fears, individual OPEC producers may decide to cut OSPs next month
Source: oilprice.com
Middle East Producers Cannot Afford To Significantly Hike Oil Prices
Several Middle East producers hiked their OSPs for March delivery, and as producers remain cautious, so does OPEC
Source: oilprice.com