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Energy and Power

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SAUDI ARABIA MAY SUPPLY OIL TO ASIA AT LOWEST EVER PRICES SINCE 2012

Published On 28 Feb 2020 12:01 PM


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Highlights:

• Major cuts in Saudi crude price for the second consecutive month indicate that Asia is swamped with supplies after the spreading virus led to run cuts at Chinese refineries.

• The top oil-exporting country is expected to make the deepest cuts to its monthly official selling prices since 2012 for the Asian continent.

• It also tracks the declines in Middle East benchmar....


Tags : natural, oil, gas, energy, power, saudi, arabia, asia, prices, market, industry, business, global, refiners, trending, news, coronavirus, outbreak. china, ,
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