MNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Saudi Reduce Crude OSPs to Asia and Med

OIL

Saudi Aramco has reduced the February OSP of Arab Light to Asia by -1.45$/bbl, to a differential of +1.8$/bbl to the Oman/Dubai average.

  • Expectation was for a reduction of -1.5$/bbl according to a Reuters Survey yesterday and -1.69$/bbl according to a Bloomberg survey last week.
  • All OSPs for crude deliveries to Asia, Med and NW Europe were also reduced while prices for the US were held steady.
  • The prices have been cut as weak demand due to the economic slowdown and Chinese covid case numbers has been weighing on crude market prices.
  • Crude markets are finding some support today with Brent back up 1.5$/bbl from the low yesterday.
    • Brent MAR 23 up 1.9% at 79.35$/bbl
    • WTI FEB 23 up 1.9% at 74.23$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.