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