Tag: reduces
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Qatar Energy reduces the selling price of Al-Shaheen crude for May delivery
Qatar Energy Company intends to reduce the official selling prices for Al-Shaheen crude for next May loading, after its rise in next April. Qatar is scheduled to reduce the future price of Al-Shaheen crude in May by about $0.57, compared to next April shipments. Al-Shaheen crude prices recorded their lowest levels in 21 months this…
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Kuwait reduces oil exports to Asia for Al-Zour refinery
Kuwait intends to reduce its crude oil exports to Asia, starting next April, in conjunction with its plans to expand the production of oil derivatives. The Kuwait Petroleum Corporation asked some Asian refineries to obtain a lower share of oil under their annual deals, according to what was seen by the specialized energy platform. The…
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Russian oil reduces temptations to China and India amid fierce competition for Espoo crude (report)
Russian companies tended to reduce offers of generous Russian oil discounts offered to China and India, the largest Asian and global economies, amid fierce competition for demand over the past months. Private Indian refineries are competing with their Chinese counterparts for future purchase contracts for Russian Espoo crude for delivery in April (2023), according to…
