Arjit Agrawal’s Post

Key Crude Oil Types: 1) Brent Crude: Originating from the North Sea, It is the benchmark for approximately two-thirds of the world’s oil. 2)West Texas Intermediate (WTI): This U.S.-produced crude serves as the primary benchmark for North American oil prices. 3)Dubai/Oman: It is a key benchmark for Middle Eastern and Asian markets. Countries like China and India mainly use it. 4)Bonny Light: Produced in Nigeria, used mainly by European and American refiners 5)Urals: Originating from Russia, crucial for European and Asian markets, with major buyers including Germany and China My article on same: https://lnkd.in/dN297c3r #OilAndGas #CrudeOil #EnergyMarkets #BrentCrude #WTI #MarketInsights #IndustryLeadership #EnergySector

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐦𝐚𝐲 𝐬𝐥𝐚𝐬𝐡 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝐜𝐫𝐮𝐝𝐞 𝐩𝐫𝐢𝐜𝐞𝐬 𝐟𝐨𝐫 𝐀𝐬𝐢𝐚 Saudi Arabia, the world’s top oil exporter, is likely to cut crude prices for Asian buyers in January to their lowest levels in years, according to traders. The January official selling price (OSP) for Arab Light could drop by 70 to 90 cents per barrel from December, marking at least a four-year low, a Reuters survey of six Asian refinery sources revealed. Read More: https://lnkd.in/gy9GUdJc #AsiaOne #AsiaOneMagazine #CrudeOilPrices #SaudiOil #EnergyMarket #OilIndustry #OilAndGas #EnergyNews #OilPrices #GlobalEconomy #EnergyUpdate #OilTrade #SaudiArabia #AsiaEnergyMarket #Economy

🛢️ Will Crude Prices Keep Climbing? Crude prices have rallied over the past week amid declining crude and gasoline inventories in the U.S. and fears that escalation of the conflict in the Middle East could impact global oil supplies. Both benchmarks are likely to rise further in the coming weeks with WTI heading to $84 and Brent to $87. Watch now (in Arabic) Violeta Todorova's expert opinion exclusively for CNBC Arabia. #LeverageShares #CrudeOil #CrudeOilPrice #WTIOil #WTI Capital at risk.

Oil ended the month in red weighed by concerns over weak demand and the prospect of rise in supply from Saudi Arabia. To know more about the performance of markets and commodities, download our insights on the global and regional markets. https://lnkd.in/gN8hCppp #GCC #GlobalMarkets #CapitalMarkets #GCCmarkets #Equities #Kuwait #EmergingMarkets #DevelopedMarkets #Oil #MENA #FED #Policyrate #MarmoreResearch #markaz

P-1 : 🌍💼 Oil Market Insights: Benchmark Crude Update 🛢️📊 The global oil market is always in motion, with key benchmarks playing a pivotal role in pricing and trading. Here’s a quick update on the major benchmarks: 1. Brent Crude: Often considered the global price benchmark for oil, Brent is extracted from the North Sea. It's renowned for its stability and is widely used in Europe and beyond. These days, “Brent” actually refers to oil from five different fields in the North Sea: Brent, Forties, Oseberg, Ekofisk, and Troll. Crude from this region is light and sweet, making it ideal for the refining of diesel fuel, gasoline, and other high-demand products. And because the supply is waterborne, it’s easy to transport to distant locations. 2. WTI (West Texas Intermediate): Predominantly used in the United States, WTI is known for its high quality and low sulfur content. It remains a key indicator for North American oil prices.The fact that supplies are land-locked is one of the drawbacks to West Texas crude as it’s relatively expensive to ship to certain parts of the globe. The product itself is very light and very sweet, making it ideal for gasoline refining, in particular. WTI continues to be the main benchmark for oil consumed in the United States 3. Dubai Crude: This is the primary benchmark for pricing oil in the Asian markets, particularly for medium sour crude oils. Dubai Crude’s influence is growing as Asia continues to lead in global energy demand.his Middle Eastern crude is a useful reference for oil of a slightly lower grade than WTI or Brent. A “basket” product consisting of crude from Dubai, Oman, and Upper Zakum, it’s somewhat heavier and has higher sulfur content, putting it in the “sour” category. #OilMarket #BrentCrude #WTI #DubaiCrude #Energy #Commodities #MarketTrends #GlobalTrade

Saudis raise February crude prices ✅Saudi Arabia will raise oil prices for buyers in Asia next month, Bloomberg reported, in a sign that the world’s top crude exporter may cut supply in its biggest market after delaying OPEC+ plans to increase output. ✅State oil company Saudi Aramco has set its benchmark price for its Arab Light crude at $1.50 a barrel above the regional benchmark for February, according to a price list seen by Bloomberg. That’s a 60-cent increase compared with a 10-cent increase forecast in a Bloomberg survey of traders and refiners. #Oil #Economy #Oil https://lnkd.in/dx_NXnBd

I wrote this article at the peak of the last oil price war in 2020— game theory applied to oil producers. If Saudi Arabia were to ditch output discipline, the last scenario may repeat itself. The numbers would need to be adjusted for the new base-load demand, but in principle things are more same than they are different. And if there were to be another price war, it could be quite bad. I don't think 2020 lows are in sight as that needed a COVID-associated crash in demand. But oil prices could certainly see $50 levels. Not sure what else Saudi can do considering the slow erosion of its market share, but oil majors need to be more disciplined in the rush for more barrels. Article link: https://lnkd.in/e4EU7Kj Disclaimer: opinions represented here are mine only and do not represent my employers (past or present). https://lnkd.in/d2H4auqW

Oil prices have plunged, with Brent crude dropping below $70 for the first time in three years, primarily due to weakened demand from China and the U.S. The International Energy Agency reported the slowest growth in oil consumption since the pandemic, raising investor concerns about demand. However, the bigger uncertainty lies in supply, as Saudi Arabia, which has been cutting output to prop up prices, may face pressure to boost production. This could lead to a surplus in the global oil market, potentially causing prices to plummet further if Saudi chooses to maximize its output to balance its budget deficits.

ICYMI: Saudi Arabia adjusts its official crude #oil sales prices for Asia in October, due to a lower #Dubaibenchmark and reduced #refiningmargins in China. L’article Saudi Arabia: Lower Asian #crudeoil prices expected in October est apparu en premier sur energynews.