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Singapore — Asia's crude oil market activity in the May 10-14 trading week is expected to pick up steam, although sentiment continues to be weighed down by demand concerns across Asia amid COVID-19 resurgences, which have caused several countries to introduce, or increase lockdown measures. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now July ICE Brent crude futures were pegged at $68.59/b at 0300 GMT May 10, up 65 cents/b from the 0830 GMT Asian close on May 7. Middle East Crude **Activity in the week ahead will fo...

Asia crude oil: Key market indicators this week Crude oil futures retreated marginally during mid-morning trade in Asia April 5, after the OPEC+ alliance announced its plans late April 1 to gradually taper off production cuts from May to July. Middles East ** The week commences with eyes on issuance of official selling prices by various Middle East oil producers. Saudi Aramco issued OSPs for Asian bound crude with a hike of 20-50 cents/b across their various crude grades. OSPs by other producers namely ADNOC, Iraq’s SOMO and Qatar Petroleum are awaited. ** Focus also remains on the decision...

Not registered? Middles East ** The week commences with eyes on issuance of official selling prices by various Middle East oil producers. Saudi Aramco issued OSPs for Asian bound crude with a hike of 20-50 cents/b across their various crude grades. OSPs by other producers namely ADNOC, Iraq's SOMO and Qatar Petroleum are awaited. ** Focus also remains on the decision by the OPEC+ alliance to gradually ease oil production cuts, including Saudi's voluntary cuts. With fresh COVID-19 outbreaks and tepid demand scenarios, the impact of additional oil supplies will be closely watched by the market....

Asia crude: Key market indicators this week Asia’s crude oil market continued to surge above $70/b at the start of the week March 8-12, after Saudi Arabia’s energy ministry reported a drone attack by Iranian-backed Houthi rebels from Yemen on the morning of March 7, that hit a petroleum storage tank at the Ras Tanura port. May ICE Brent crude futures was pegged at $71.17/b at 0300 GMT March 8, $3.50/b higher from the 0830 GMT Asian close on March 5. MIDDLE EAST CRUDE **The week commences with the issuance of official selling prices by Middle East producers. Saudi Aramco issued OSPs for Ap...