Live Breaking News & Updates on February Loading Middle East
Stay updated with breaking news from February loading middle east. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this month, industry sources said. The producer is expected to cut official selling prices (OSPs) of all grades by more than $1 in February from the previous month, . ....
Saudi Arabia may set deep crude price cuts for Asia in February tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Asia crude oil futures are set to remain under pressure during the week of Dec. 20-24 as countries worldwide consider fresh restrictions in response to rising COVID-19 cases. ICE February Brent crude futures stood at $71.85/b at 0200 GMT Dec. 20, down $1.67/b (2.27%) from the Dec. 17 settlement. Middle East Crude Focus in . ....
Asia crude – Key market indicators this week The crude oil market in Asia started the week of Dec. 21 lower as crude futures fell after closing at nine-month highs Dec. 18 due to the emergence of a highly infectious strain of coronavirus in the UK, which led to fears that tougher lockdown restrictions will be placed to curb its spread. The ICE Brent February crude contract fell $1.70/b (3.25%) from the Dec. 18 settle to $50.26/b at 11:35 am Singapore time (0335 GMT) on Dec. 21. MIDDLE EAST CRUDE Spot differentials for February-loading Middle East crude may ease further during the week starting Dec. 20, with most regional refiners having already completed the bulk of their crude procurement while plenty of cargoes remain unsold. ....