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Saudi Energy Ministry: On Jan. 7, Saudi Arabia reduced the February official selling price (OSP) of its flagship Arab Light crude to Asia to the lowest level in 27 months. Asia is the kingdom's larget market, buying the bulk of Saudi crude.
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LONDON: Saudi Arabia's cut in official crude oil selling prices to Asia reflects weaker fundamentals of supply and demand, and does not imply a looming shift in OPEC+ policy or a fight for market...
SINGAPORE : Chinese refiners are actively booking crude oil cargoes for delivery in March and April to replenish stocks, locking-in relatively low prices and in anticipation of stronger demand in the second half of 2024, trade sources said.Global benchmark Brent futures have stayed under $80 a barrel sinc
The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this... -January 10, 2024 at 08:04 pm EST - MarketScreener