The spike in oil prices to the highest level in more than a year worked wonders for the Middle East. Saudi Aramco is back to buying minority stakes in private Chinese refiners, enjoying the fact that oil prices have been more than $10 per barrel above its presumed fiscal breakeven for quite some time, offsetting the losses incurred before OPEC+ production cuts. Apart from boosting the Middle East’s fiscal “stability”, the Saudi production cuts of recent months have also greatly steepened Dubai backwardation, with the cash-to-futures-spread…
Hence then, the article about wary of weakening demand saudi arabia changes pricing strategy was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Wary Of Weakening Demand, Saudi Arabia Changes Pricing Strategy )