Crude oil futures are expected to maintain their bullish momentum in the week of Jan. 10 despite rising COVID-19 cases worldwide, as investors remained confident that the longer-term outlook for oil demand and supply will likely be tight. ICE March Brent crude futures stood at $81.89/b at 0200 GMT Jan. 10, up 14 cents/b, or .
Saudi Aramco raised official selling prices of its January-loading crude for Asian buyers by a smaller margin than expected on concerns of potentially weakening fundamentals for the global oil markets, sources told S&P Global Platts. Oil supplies are expected to rise because higher production by OPEC+ and the release of strategic petroleum reserves by major .
Arbitrage of the US light sweet WTI Midland crude is becoming increasingly attractive for end-users in Asia, amid a confluence of changes in market structure that has thrown the arbitrage window for the grade wide open, market sources said. Its relative strength against its closest competitor, the light sour Middle Eastern Murban crude, has also .
Middle East crude oil exporters are re-building market share in the key Asia region, a trend likely to continue as the price advantage of local grades against those from the Atlantic Basin jumps to the most in eight years. Top Middle East exporters such as Saudi Arabia, Iraq and Kuwait are seeing increased demand for .
Middle East crude oil exporters are re-building market share in the key Asia region, a trend likely to continue as the price advantage of local grades against those from the Atlantic Basin jumps to the most in eight years.