Asian refiners expect fresh Saudi oil price cuts in June on poor refining margins as coronavirus pandemic slammed demand

Asian refiners expect fresh Saudi oil price cuts in June on poor refining margins as coronavirus pandemic slammed demand
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06.05.2020

MOSCOW (MRC) -- Asian refiners see Saudi Arabia cutting the official selling prices (OSP) of its crude for a fourth straight month in June after Middle East benchmarks slumped on poor refining margins as the coronavirus pandemic slammed demand, reported Reuters.Saudi Arabia is expected to reduce the June OSP for Arab Light crude by USD3.72 a barrel, according to an average of estimates fr

Full article at mrcplast.com

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