Saudi Arabia raised its Official Selling Price (OSP) differential for Arab Heavy to Asian customers by $1.70/bbl, bringing it up to a $5.70/bbl discount to DME/Dubai averages.
May 18, 2020
Cracking margins at the US Gulf Coast (USGC) for Mars jumped out of negative territory in Feb.
April 27, 2020
Saudi Arabia cut its Official Selling Price (OSP) differential for Arab Heavy to Asian customers by $2.95/bbl, bringing it down to a $7.40/bbl discount to DME/Dubai averages.
April 27, 2020
Cracking margins at the US Gulf Coast (USGC) for Mars remained negative in Jan.
April 01, 2020
The US, European, and Middle Eastern benchmarks spent the quarter on a downward slope after 4Q 2020 had seen futures prices rise by 12-14%.
April 01, 2020
Saudi Arabia cut its Official Selling Price (OSP) differential for Arab Heavy to Asian customers by $5/bbl, bringing the OSP down to a $4.45/bbl discount to DME/Dubai averages.
March 16, 2020
Cracking margins at the US Gulf Coast (USGC) for Mars plunged to a seven-year low in Dec, while coking margins for the Argus Sour Crude Index (ASCI) and for 50/50 blends of Mars/Maya and of Light Louisiana Sweet/Heavy Louisiana Sweet were at ten-month lows.
March 02, 2020
Saudi Arabia left its Official Selling Price (OSP) for Arab Heavy to Asian customers at a 55¢/bbl premium to DME/Dubai averages the same as in Feb.
March 02, 2020
Cracking margins at the US Gulf Coast (USGC) for Mars and the Argus Sour Crude Index (ASCI) not only posted the largest month-on-month declines of the crudes and blends covered here, but they sank into negative territory for the first time since Dec.
January 27, 2020
The Feb. Official Selling Prices (OSPs) for Arab Heavy, Iranian Heavy, and Iraqi Basra Heavy were all set at higher differentials to their respective benchmarks than they had been for Jan.
January 27, 2020
