Blending demand key but market cautious Weak Chinese economic recovery could weigh Indian PTA demand crucial Mostly steady gasoline blending demand in the US ahead of the summer driving season and tig
Blending demand key but market cautious Weak Chinese economic recovery could weigh Indian PTA demand crucial Mostly steady gasoline blending demand in the US ahead of the summer driving season and tig
Spot demand has fallen in Asia for heavy sour grades loading from the Middle
East, such as Basrah Heavy, on the back of cheaper arbitrage crude making its
way to the region in recent weeks and rising
Healthy demand for Abu Dhabi’s light crude grade Murban in July has hurt values
for its sister grades, such as light sour Umm Lulu and Das Blend, sources told
S&P Global Commodity Insights.
Iraqi Basrah crude is likely to face stiff competition in the current trading
cycle as alternative grades from Russia and the West increasingly lure price
sensitive buyers in Asia, sources told S&P Gl
State owned National Iranian Oil Co increased the July official selling price
for its Asia bound crude grades by $1.65 $1.85/b from June, according to a
notice seen by S&P Global Commodity Insights on
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
Abu Dhabi National Oil Co. on June 2 issued its July official selling price
differentials Das Blend and Umm Lulu that were higher than market expectations,
traders told S&P Global Commodity Insights J
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 concer
A strong Middle East sour crude complex continues to churn out increasingly
expensive spot crude cargoes for Asian buyers, though robust refining margins
remain the redeeming factor, refinery sources
The April Brent Dubai Exchange of Futures for Swaps spread dropped below the
$5/b mark midmorning Singapore Feb. 10 for the first time this month, allowing
some arbitrage crude to seek an opening into
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 expensi
Premiums of Far East Russian ESPO Blend crude oil surged in January, beating
traders’ estimates, aided by robust buying interest and tight supplies, sources
told S&P Global Platts Jan. 27.
The surge in COVID 19 infections in several cities in India is likely to hit oil
product consumption, but industry sources said crude demand may not see an
immediate impact as the third wave of the vi
Refiners in Asia are less likely to seek arbitrage crude from the West amid a
widening Brent Dubai spread, which in turn is expected to boost demand for
Middle East crude grades as spot trade for Marc
Spot differentials for Far East Russia’s ESPO Blend crude are likely to trade
higher this month compared to December 2021, supported largely by firm buying
interest from trading houses despite lacklus
Saudi Aramco cut February official selling prices for its Asia bound crude by a
lower than expected level, potentially boosting demand for alternative crude oil
grades in the spot market, sources told
Saudi Aramco cut February official selling prices for its Asia bound crude by a lower than expected level, potentially boosting demand for alternative crude oil grades in the spot market, sources told
Spot differentials for January loading Russian ESPO Blend crude took a sharp
dip, as demand from China’s private refiners turns bearish on the back of lower
refinery runs to curb emissions ahead of th
Crude oil markets started the Nov. 15 19 trading week on a softer note amid
demand uncertainty arising from increasing COVID 19 cases in several parts of
the world.