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Nov 6, 2024 | 
spglobal.com | Yong Ren Toh |Leon Wong
Saudi Aramco's cuts to its December crude oil official selling prices for Asia-bound cargoes were well within expectations, with OSPs for the heavier grades seeing smaller cuts due to possible tighter supply for the next two months, Asian traders said Nov. 6. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Aramco in an early Nov.
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Nov 4, 2024 | 
spglobal.com | Gawoon Phil Vahn |Takeo Kumagai |Yong Ren Toh
Asian crude importers remain unconcerned about OPEC+ members extending their production-cut strategy. Refiners in Japan, South Korea and Thailand can consistently secure ample US and various Latin American barrels, prioritizing logistical efficiency for crude deliveries from the Americas. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Sep 10, 2024 | 
spglobal.com | Analyst Oceana Zhou |Leon Wong |Yong Ren Toh
The short voyage and competitive prices of heavy sour Western Canadian crudes transmitted via the Trans Mountain Expansion (TMX) pipeline offers an economic feedstock option for Asian buyers in addition to the supplies from the Middle East, despite high seaborne freight, said Wu Qiunan, Chief Economist of PetroChina International at S&P Global Commodity Insights' APPEC event Sept. 9. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Aug 12, 2024 | 
spglobal.com | Yong Ren Toh
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Aug 5, 2024 | 
spglobal.com | Yong Ren Toh
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Jun 6, 2024 | 
spglobal.com | Yong Ren Toh
Asian traders viewed Saudi Aramco's cuts to its July crude oil official selling prices for Asia-bound cargoes as largely within expectations June 6, though some said the producer had room to cut further given still-poor margins afflicting the region's refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Aramco in a June 6 notice cut the for its flagship Arab Light by 50 cents/b on the month to a premium of $2.40/b to the Oman/Dubai average.
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Apr 8, 2024 | 
spglobal.com | Yong Ren Toh
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Feb 21, 2024 | 
spglobal.com | Yong Ren Toh
Prompt time spreads in the Dubai futures market reached a near three-month high Feb. 20, lifted by increasingly bullish sentiment in the and tighter Middle East sour crude supply for the April-loading cycle. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts assessed the Dubai front-month time spread (March/April) at 62 cents/b at the Feb. 20 Asian close, up 33 cents/b, or 113.79%, on the month, S&P Global Commodity Insights data showed.
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Jan 26, 2024 | 
spglobal.com | Yong Ren Toh
Cash differentials for mainstay Russian crudes to Asia – including ESPO blend, Sokol and Sakhalin Blend – are likely to trade at steady-to-lower differentials on the month for March-loading or April-delivery cargoes, as weakening margins and weigh on demand, trade sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Jan 8, 2024 | 
spglobal.com | Yong Ren Toh
Asia's supply of 180 CST high sulfur fuel oil is set to rise in 2024 amid structural changes in South Asian supply and demand as the region pushes for cheaper or cleaner alternative fuels in power generation, possibly setting the stage for a sustained narrowing in the viscosity spread. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
