Stay updated with breaking news from Murban. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SJLQ26ZSIRNNJKZ3QQTE5OPMZM.jpg)
Top oil exporter Saudi Arabia may further slash the official selling prices (OSPs) for all crude grades to Asia in July, a Reuters poll showed, despite the looming OPEC+ meeting that could leave the door open to further output reduction.
SINGAPORE: Top oil exporter Saudi Arabia may further slash the official selling prices (OSPs) for all crude grades...
As Middle Eastern producers were thinking of formula prices for their cargoes loading in June, they did not necessarily see the scope of the macroeconomic headwinds that they were up against
Adnoc is considering the possibility of selling a new heavier crude oil grade in a bid to boost profits, reported Bloomberg, citing sources.
Middle East crude prices in Asia fell to their lowest level in months, despite OPEC+ production cuts, traders said, as Asian refiners held back spot purchases and China and India binged on cheap Russian oil.