Saudi Arabia, according to MS sources, plans to reduce the supply of Arab Heavy crude oil to Asia in April due to oilfield maintenance. This decision will particularly affect term customers, including significant buyers from China and India. Despite this reduction in heavier crude supply, Saudi Aramco is committed to meeting the full contractual volumes for most Asian buyers. The announcement comes as finished gasoline exports from the Middle East Gulf have seen an uptick after a period of refinery maintenance. Moreover, Europe's oil inventories experienced a decline in February across several categories, including gasoline and middle distillate. #oott
Energy update: Oil - WTI (undated) 78.31 +0.86% Oil - Brent (undated) 82.67 +0.83% Natural Gas 1.831 +0.55% Heating Oil 2.6492 +0.66% Gasoline 2.592 +0.57% London Gas Oil 818 +0.83% Carbon Emissions 5785 -0.79% #Oil #Brent #WTI #OOTT
Plan B will become plan A. Meanwhile they fail to commit to nuclear, some thing they should’ve done 20 years ago. Where’s the gas going to come from ? - US fracking. New generation of gas power stations to keep lights on during net zero transition. https://t.co/TzTkT0LxwH https://t.co/le4AV6iJcS
WTI settled at USD 77.93/bbl #oott
Europe 16 nations oil inventories fell by 11mb m/m to 981mb in February (January revised down by 2mb) Crude unchanged at 417mb Gasoline -4mb 102mb Middle distillate -4mb to 378mb Fuel oil -1mb to 57mb Naphtha -2mb to 27mb Euroilstock #OOTT
Most Aramco buyers get full April volumes but heavy crude supply trimmed, sources say Saudi Aramco plans to meet full contractual crude oil volumes to most Asian buyers in April, but will reduce supply of heavier oil to Chinese and Indian customers due to oilfield maintenance,…
Most Aramco buyers get full April volumes but heavy crude supply trimmed, sources say #oott https://t.co/9WbrZPWnVi
Finished gasoline exports from the Mideast Gulf picked up in February compared with previous months as refinery maintenance in the region wound down. #oott https://t.co/7ew3QCpzLD
Saudi Aramco plans to reduce Arab Heavy crude supply to Asia in April - sources #oott https://t.co/9WbrZPWnVi
Saudi Arabia plans to reduce Arab Heavy crude supply to Asia in April - sources https://t.co/DtQ1RoQh62 https://t.co/WuMiFmwy5N
#OOTT | Saudi Arabia Plans To Reduce Arab Heavy Crude Supply To Asia In April - MS Sources https://t.co/IGB9R2KH0S
REPORTS SAUDI ARABIA PLANS TO REDUCE ARAB HEAVY CRUDE SUPPLY TO TERM CUSTOMERS IN ASIA IN APRIL DUE TO OILFIELD MAINTENANCE