The hottest Saudi Crude oil pricing reflects stron

2022-08-11
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Saudi Crude oil pricing reflects strong gasoline demand in Asia

Saudi Crude oil pricing reflects strong gasoline demand in Asia, especially in the automotive industry

May 7, 2014

[China paint information] according to Dow Jones Singapore on May 6, JBC Asia said that Saudi Arabia's crude oil pricing in the Asian market reflects strong gasoline demand in Asia and the competition brought by the return of Iranian and Iraqi crude oil to the global market

China is no exception. Saudi Aramco has raised the water price of light crude oil supplied to the Asian market in June from its 2014 annual sales of 11.7 billion euros over the weekend, but the discount price of medium and heavy crude oil has widened

JBC said that to a greater extent, this reflects the demand for light products, especially gasoline, in the Asian market. I went to domestic colleges and universities to consult experts; No technician is stronger. The company said that Iraqi and Iranian crude oil mainly competes with Arab medium and heavy crude oil, and the increase in its supply may have forced Saudi Aramco to take measures to protect its market share, although it is expected that crude oil consumption will rebound significantly from the third quarter of this year

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