Most Asian crude traders expect sharp hikes in Saudi Aramco’s March crude OSPs
Most Asian sour crude traders expect sharp hikes in Saudi Aramco’s March crude official selling prices to be released later in the week of Feb. 3, as they weighed tighter fundamentals in January from fresh Western sanctions on Russia against deteriorating margins amid a spike in Middle East crude prices. The majority of expectations were for a month-over-month increase in the $2s/b range for Aramco’s March Arab Light crude OSP, according to seven traders surveyed by S&P Global Commodity Insights. One trader forecasts a $2.50/b increase, while a second expects ...
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