Asia Wants More Term Oil Deals From Middle East as War Boosts Spot Prices ...Middle East

Refiners in Asia have asked for additional oil supply under term contracts this summer as the conflict between Israel and Iran is hiking premiums for spot supply, Reuters reported on Friday, citing sources in the oil trade industry. As hostilities escalate, spot premiums for oil supply from the Middle East jumped this week to the highest level in four months, to more than $3 per barrel. Meanwhile, the official selling prices (OSPs) that Middle Eastern exporters set for their term supply for loading the following month are currently lower than the…

Read More Details
Finally We wish PressBee provided you with enough information of ( Asia Wants More Term Oil Deals From Middle East as War Boosts Spot Prices )

Also on site :

• Bosses want you to know AI is coming for your job
• Nigeria: UK Reaffirms Duty-Free Access for 99 Percent of Nigerian Exports Under Trade Scheme
• CDO Cui Li van ZTE op MWC25 Shanghai: Digitale en intelligente evolutie, een nieuw tijdperk van AI-beschaving wordt ingeluid