|
SAUDI ARABIA - Saudi Export Pricing & Marketing.
|
Saudi Arabia and the other main Middle East oil exporters still refuse to have their crudes used as a marker for spot or forward trading. As a result, spot and forward trading in Dubai, as a marker for sour grades, is dwindling because production of this grade has fallen below 100,000 b/d and the trade is lacking in liquidity. There is a problem with Oman crude replacing Dubai as a marker (see above).
Saudi Aramco, whose pricing system is followed by most exporters in the Middle East, insists that the buyers of its crudes are refiners and will under no circumstances ...
Find more facts and information related to the
article "SAUDI ARABIA - Saudi Export Pricing & ..."