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Middle Eastern crude benchmark prices began trading at a lower premium from the previous month in July as traders waited for producers' official selling prices
.
Official selling price preview: Saudi Arabia is expected to cut the price of Arab flagship light crude in August from a four-year high after Asian refining profits fell to a two-year low
, trade sources said Monday.
A Reuters poll of six Asian refiners and traders showed that the official selling price of Arabian Light crude could fall by 20 cents to 40 cents
in August.
Separately, ADNOC and Qatar Petroleum are also expected to cut their official selling prices, traders said, after spot trading
at a discount of 20 cents or more last month.
12Next View full article
Middle Eastern crude benchmark prices began trading at a lower premium from the previous month in July as traders waited for producers' official selling prices
.
Official selling price preview: Saudi Arabia is expected to cut the price of Arab flagship light crude in August from a four-year high after Asian refining profits fell to a two-year low
, trade sources said Monday.
A Reuters poll of six Asian refiners and traders showed that the official selling price of Arabian Light crude could fall by 20 cents to 40 cents
in August.
Separately, ADNOC and Qatar Petroleum are also expected to cut their official selling prices, traders said, after spot trading
at a discount of 20 cents or more last month.
12Next View full article
12Next View full article