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Saudi Arabia boosts crude oil share in Asia at Russia's expense:...

Saudi Arabia increased its crude oil share in Asia in November, while Russia's share decreased, indicating a potential shift in market dynamics. Asia's imports from Saudi Arabia rose to 5.83 million barrels per day (bpd) in November, while Russia's supplies dropped to 3.51 million bpd. The increase in Saudi Arabian barrels came despite an increase in the official selling prices for its crude to Asian customers. Saudi crude has become more price competitive in Asia compared to other grades, including Russia's Urals. Middle Eastern suppliers, including Iraq and Oman, also saw rises in November imports.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14147527/Saudi-Arabia-boosts-crude-oil-share-Asia-Russias-expense-Russell.html
Source Id: 8438048448

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