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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.
OIL
Saudi Arabia raised the official selling price for Arab Light crude for Asia in April to $1.70/bbl above the Oman/Duabi average, up by 20ct/bbl from last month, slightly above market expectations.
- Saudi Aramco left the OSP to Asia for Arab Super Light crude unchanged at $2.95/bbl. The OSP for Extra Light Crude was raised by 20ct/bbl to $1.70/bbl, for Medium crude was increased by 30ct/bbl to $0.85/bbl and for Heavy crude was lowered by 30ct/bbl to parity.
- April OSPs to northwest Europe and the Mediterranean were lowered by 60-70ct/bbl.
- Most prices to the US were lowered by 10ct/bbl, while Medium crude prices were lowered by 0.20ct/bbl.
- A Reuters survey of refining sources expected Saudi Aramco to leave official selling prices for April largely unchanged or rise by 10-20ct/bbl.
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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