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Saudi Aramco hiked official selling prices for its Asia-bound crude higher than the rise in the Dubai structure last month though market participants deemed the increase to be within expectations, given the ongoing volatility due to the Russia-Ukraine conflict, sources told S&P Global Commodity Insights March 7. Aramco, in a March 5 notice, raised the ...
Abu Dhabi National Oil Co. hiked the April official selling price for its flagship Murban crude oil by more than 10% from March, with Middle East crudes seeing greater demand as traders seek alternatives to Russian barrels. The April OSP for Murban was set at $93.99/b, up $8.88/b from the March OSP, the company said ...
The official selling prices for Abu Dhabi National Oil Co’s January-loading crude were largely in line with market expectations, as it closely followed the spread between IFAD Murban futures and benchmark Platts Dubai over November, traders told S&P Global Platts Dec. 7. January OSP for medium, sour Upper Zakum crude was set at a discount ...
Front-month Brent/Dubai Exchange of Futures for Swaps for benchmark Dubai crude futures as well as intermonth spreads were near-steady at mid-morning Oct. 5. The December Brent/Dubai EFS was pegged at $4.36/b, up 5 cents/b from the Asian close on Oct. 4, S&P Global Platts data showed. The intermonth spreads for benchmark Dubai crude futures also ...
Saudi Aramco and other Middle East producers are expected to cut official selling prices, or OSPs, for crude loading in November on weak demand-supply fundamentals that led to a sharp correction in benchmark Platts Dubai differentials in September, traders told S&P Global Platts. This month, a further reduction in prices of 30-50 cents/b across all ...