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29.04.26 - 11:31
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After Record $19.50 Premium, Saudis Eye Sharp Cut To June Asia Prices (ZeroHedge)
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After Record $19.50 Premium, Saudis Eye Sharp Cut To June Asia Prices
Submitted by Charles Kennedy of OilPrice.com
The world's top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month.
Saudi oil giant Aramco is widely expected to announce in early May a reduction of the OSP of the flagship Arab Light crude by between $5 and $12 per barrel compared to the Oman/Dubai average, off which Middle Eastern producers price their crude going to Asia, a Reuters survey of industry sources showed on Tuesday.
The Arab Light grade could see its OSP falling to a premium of $7.50-$14.50 over the average of the Oman and Dubai benchmarks for June, compared to a record-high premium of $19.50 for loadings for Asia in May.
In early April, Saudi Arabia hiked the price of Arab Light loading for Asia in May to a record-high premium over the Middle Eastern ...
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28.04.26 - 20:15
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Das war′s mit der grossen Öl-Familie (Inside Paradeplatz)
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Austritt der Vereinigten Arabischen Emirate aus OPEC spielt Trump in die Hände – für US-Präsident war Förderverbund ein Abzocker-Club.
Die Vereinigten Arabischen Emirate schmeissen die Tür zu und verlassen OPEC und OPEC+. Einer der grössten Förderstaaten der Welt pfeift auf Quoten, Regeln und das Machtspiel aus Riad. Für Saudi-Arabien ist es eine Demütigung erster Klasse..
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28.04.26 - 16:18
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LIV Golf to postpone New Orleans event amid reports of Saudi money drying up (The Guardian)
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No LIV tournaments expected in US from mid-May to AugustCEO had promised season would continue 'full throttle'LIV Golf's inaugural tournament in New Orleans scheduled for the end of June is likely to be postponed until the autumn, according to multiple local reports.New Orleans television station WDSU and nola.com were among the first to report on Monday that the Bayou Oaks event at City Park planned for late June was being moved to later in the year. Continue reading......
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