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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Saudi Aramco raised the official selling prices for crude to Asia, NW Europe and the Mediterranean in June, signalling expectations of strong demand this summer and amid a tightening of supplies this quarter.
- Arab Light crude for Asia was raised for the third consecutive month by $0.9/bbl in May to $2.9/bbl above the Oman/Dubai average.
- Refining sources from Bloomberg and Reuters had expected Saudi Aramco to raise the Arab Light OSP for June by between $0.6-$0.9/bbl.
- The Arab Light OSP for Mediterranean customers in June was set at +2.0/bbl compared to -0.1/bbl last month.
- Arab Light OSPs for Northwest Europe was raised to $2.1/bbl premium to ICE Brent from $0.3/bbl last month but to the US was unchanged at a $4.75/bbl premium to ASCI.
Source: Reuters
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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