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Middle East Crude-Dubai rises in 3rd session; Trafigura buys Upper Zakum | Hellenic Shipping News Worldwide
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Spot Mideast crude oil trade slows after refining margins hit multi-month lows | Hellenic Shipping News Worldwide
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Singapore Asia s crude oil market started the week of April 26 on a stronger note amid signs of easing COVID-19 impact in the West, even as resurgence in Asia raised demand concerns. Market participants continue to expect OPEC+ to go ahead with its plan of rolling back production cuts in its upcoming April 28 meet.
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June ICE Brent crude futures was pegged at $66.11/b at 0200 GMT on April 26, 64 cents/b higher from the 0830 GMT Asian close on April 23.
MIDDLE EAST CRUDE Trading activity is expected to ease further in the week as demand from Asian buyers remains dormant amid fulfilment of purchase requirements while focus shifts to the next trading cycle.