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Demand for Middle East medium sour crudes, such as Oman, Upper Zakum and Al-Shaheen, continued to grow as prices for light sour grades from the region, such as Murban, turn increasingly expensive for Asian refiners, sources told S&P Global Commodity Insights. While it is still early days in the August-loading cycle, buyers have kicked off ...
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 ...
The differentials of Abu Dhabi’s flagship Murban crude to the S&P Global Platts Dubai benchmark have risen sharply as similar arbitrage grades such as WTI Midland and Forties turn increasingly expensive, various sources said. The price of light, sour Murban crude has climbed steeply this month with the differential to Platts Dubai pegged at $5.90/b ...