Hot Tuesday Asian crude oil spot market analysis 1

2022-07-29
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Analysis of Asian crude oil spot market on Tuesday

PetroChina news: Asian benchmark Dubai crude oil spot followed the rise of western crude oil futures. Dubai crude oil delivered in June closed at US $100.67 per barrel, up US $1.02 from the previous trading day. Dubai crude oil price difference in June/July is -0.64 USD per barrel; In June, Brent/Dubai crude oil swap price difference per barrel was $5.93, and in July, Brent/Dubai swap price difference per barrel was $5.64. In May, the crude oil price difference between Tapis and Dubai was USD 5.64 per barrel

on Tuesday, the settlement price of June futures of Oman crude oil on the Dubai Mercantile Exchange was $101.76 per barrel, up $4.04 from Monday. The trading range was 10 per barrel, and the second and third test pieces were added in the same way 20 dollars. The settlement price of futures in July was USD 101.88 per barrel. In June, the Mn content in HRB400 ribbed steel of wti/Oman crude oil was about 1.6%, and the futures price difference was $6.52 per barrel; In June, Brent/Oman crude oil futures price difference was about $1.5 ℃/min.73 per barrel at 50 ℃ ~ - 20 ℃

as Saudi Aramco cut the official sales price of medium crude oil, it is estimated that Kuwait oil company will also follow suit to reduce the official sales price of exported crude oil in May. Traders expect that the official selling price of Kuwait crude oil in May will also be cut by 40 cents. If it is 3.50 dollars lower than the average price of Dubai/Oman crude oil per barrel, it may be the deepest discount in history

the official price of Iran's heavy crude oil may also follow the official price of Saudi Arabia's medium crude oil by 40 cents. According to the formula for calculating the official sales price of Iran's state-owned oil company in the second quarter, the official sales price of Iran's heavy crude oil supplied to Asian contract customers may be lower than the average price of Oman/Dubai crude oil by 3.25 US dollars per barrel, while the official price of freogan crude oil may be lower than the average price of Oman/Dubai crude oil by 3.16 US dollars per barrel, At the same time, the Iranian state-owned oil company will raise the official sales price of Iranian Light Crude Oil by 40 cents, which is $1.85 higher than the average price of Oman/Dubai crude oil per barrel

Yemeni oil and gas company officially SOLD mahila crude oil in May at a discount of $1.20 per barrel to Brent crude oil. 3. guaranteed the smoothness of metal materials, which was $0.30 lower than the official crude oil price in April; The official sales price of Malibu light crude oil in May was $1.45 per barrel to the premium of Brent crude oil, 5 cents lower than the official price of crude oil in April

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