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Asia crude oil: Key market indicators for Sep 20-24 | Hellenic Shipping News Worldwide
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Asia crude oil: Key market indicators for Sep 13-17 | Hellenic Shipping News Worldwide
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Asia crude oil: Key market indicators July 19-23 | Hellenic Shipping News Worldwide
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From Liza to Tupi, Indian refiners embrace newer crudes to dilute supply risk | Hellenic Shipping News Worldwide
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Asia crude oil: Key market indicators for June 28-July 2
In the week of June 28-July 2, crude oil will continue its climb as market sources expect the OPEC+ coalition to announce only a marginal increase in production quotas in August.
August ICE Brent crude futures were pegged at $76.07/b at 0200 GMT June 28, 35 cents/b higher from the 0830 GMT Asian close on June 25.
Middle East Crude Market participants await the issuance of August official selling prices with a price hike for lighter crude grades on the back of a stronger sour complex this month. India’s crude demand is in focus amid some COVID-19 recovery, while Chinese demand may stay capped amid less-than-expected import quotas issued.