News

Asia Oil Buyers Baffled by Saudi Prices Seen Turning Elsewhere - Bloomberg

Bloomberg · last updated

Asia Oil Buyers Baffled by Saudi Prices Seen Turning Elsewhere - Bloomberg

Asia Oil Buyers Baffled by Saudi Prices Seen Turning Elsewhere

- Some customers consider taking less from Saudis for January
- Buyers eye physical spot market for cheaper crude: traders

Asian crude buyers are likely to turn more to the spot market for cargoes after Saudi Arabia reduced pricing of its key grade by only half the amount forecast in a Bloomberg survey.

At least two customers receiving the kingdom’s contractual supply said they’re considering reducing their intake for January loading, according to refiners and traders involved in the market, who asked not to be identified as the information is confidential.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

Up Next

Asia Oil Buyers Baffled by Saudi Prices Seen Turning Elsewhere

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up