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Robust middle distillate margins lift Asian demand for Middle East crudes | Hellenic Shipping News Worldwide

Asian demand for July-loading Middle East medium sour grades has strengthened as healthy refinery margins for middle distillates, improved Chinese appetite and a closed arbitrage window allayed concerns that cheap Russian barrels could curtail buying, market sources told S&P Global Commodity Insights. Medium sour crudes such as Oman Blend, Al-Shaheen and Upper Zakum were attracting . ....

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Middle East crude grades feel the pressure as Russian Urals head to Asia | Hellenic Shipping News Worldwide

Buying interest among Asian refiners for some medium sour Middle East crude grades loading in May has weakened as cheaper Russian Urals crude cargoes increasingly begin to find homes in the region, sources told S&P Global Commodity Insights. Growing threats of international sanctions on Russian grades has seen European buyers shun medium sour Urals, redirecting . ....

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