Tumble in spot premiums for February-loading cargoes spurs Asia refiners to purchase Mideast oil

Tumble in spot premiums for February-loading cargoes spurs Asia refiners to purchase Mideast oil
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

27.12.2021

MOSCOW (MRC) -- Indian and Chinese oil buyers are snapping up Middle East crude after spot premiums for February-loading cargoes slumped by more than half to three-month lows on improved supplies to Asia, reported Reuters.The drop in crude differentials, also seen in some European and African crudes, comes as forecasters such as OPEC predict a supply surplus in 2022. Still, views differ

Full article at mrcplast.com

Back

news