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Asian refiners were disappointed once again by Middle Eastern official selling prices, with a lower-than-expected reduction likely to drive the refiners to the spot market
Saudi Aramco raised official selling prices of its January-loading crude for Asian buyers by a smaller margin than expected on concerns of potentially weakening fundamentals for the global oil markets, sources told S&P Global Platts. Oil supplies are expected to rise because higher production by OPEC+ and the release of strategic petroleum reserves by major ...
Saudi Aramco’s cut to its official selling prices for Asia-bound crude in November could prompt refiners in the region to seek more term crude supplies, according to trade sources. Aramco cut November differentials for Super Light by 10 cents/b, Extra Light by 20 cents/b, Light and Medium by 40 cents/b, and Heavy by 50 cents/b ...
Saudi Aramco cut nearly all of its November official selling prices for Asia, Mediterranean, European and US-bound cargoes, giving global refiners an incentive to increase crude liftings as OPEC+ raises output. The price moves follow the Oct. 4 meeting of OPEC and its allies, during which the group agreed to increase crude production by 400,000 ...
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