Saudi OSPs expected to fall

Oil
February 1, 2021

Brent prompt month futures remained range-bound on early Monday, as newly implemented European travel restrictions were anticipated to reduce gasoline and jet demand in February. Furthermore, lower speculative demand on WTI contract is likely to have eased upward flat price pressure, as shown by the latest CTFC report. Finally, Saudi official selling prices are expected to dip lower, compared to the benchmark, as Asian demand looks increasingly uncertain.

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Saudi OSPs expected to fall

You might also read :

European vaccination stops, pushing ICE gasoil cracks down

Prices up on lower Russian supply and geopolitical tensions

EUAs retreated as a consequence of surging power and gas margin calls

Simplifying energy markets