Markets

In response to the OPEC+ decision to prolong production cuts, Saudi Arabia has revised its official selling prices for Asian buyers, signaling strategic adjustments in the global oil market.

Saudi Aramco, the leading global crude oil exporter, is poised to uphold the pricing of its flagship Arab Light grade for the Asian market next month.

The Kurdistan Regional Government (KRG) and federal Iraqi authorities are engaged in discussions to settle a longstanding political dispute that disrupted around 450K b/d of crude oil exports for nearly a year.

The ongoing challenges in the Red Sea and the Suez Canal due to Houthi missile and drone attacks have pushed logistics to the forefront of the oil trade, causing disruptions with far-reaching consequences.

Oil producer kingpin’s recent decision to cut crude oil prices for Feb., impacting buyers globally.

Crudes from Dubai and Oman have recently intensified their discounts to Dubai swaps, reaching levels last observed in 2020.

The OPEC kingpin is anticipated to lower its official selling price for crude oil to Asian buyers, responding to heightened competition from non-Middle Eastern oil sources.

The world's leading crude oil exporter has maintained the price of its flagship Arab Light grade for December, holding it steady at $4/b above the Oman/Dubai average, the benchmark for Asian pricing.

A recent Bloomberg survey suggests that Saudi Aramco is considering keeping the price of its flagship crude grade for shipping to Asia unchanged in Dec. compared to Nov.'s pricing due to lower refining margins in its key market.

In recent reports, Saudi Arabia is at the center of attention as it continues to navigate the complex world of oil pricing, with its actions having a significant impact on global markets