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
UAE reduces fuel prices for the month of December
The December’s new price of a litre of Super 98 petrol will be sold at Dhs3.30 per litre in all fuel stations. It was Dhs3.32 per litre in October. Diesel will be sold at Dhs3.74. It was Dhs4.01 in October.
Source: gulftoday.ae
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
Middle East Producers Cautious To Hike Prices After OPEC+ Production Cuts
While the OPEC+ output cut would warrant a further hike in OSPs, recession fears continue to spook traders and producers alike, and especially Middle East producers are cautious when it comes to aggressive price hikes
Source: oilprice.com