Asia Rushes To Buy Spot Oil Cargoes After OPEC+ Cuts

April 13, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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The biggest oil importers in Asia have been busy buying June-loading spot crude cargoes from the Middle East since top OPEC+ producers announced additional cuts beginning in May and after Saudi Arabia hiked again the price of its term cargoes going to Asia. Customers from China, Japan, and Thailand have been snapping spot cargoes from Middle Eastern producers such as the United Arab Emirates (UAE) and Qatar, traders told Bloomberg on Thursday. The higher demand for spot Middle Eastern supply has pushed up the regional Dubai benchmark, according…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Asia Rushes To Buy Spot Oil Cargoes After OPEC+ Cuts

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