Middle East LPG Prices and Rising Demand in China

Capt. John
  • Asia is bracing for higher Middle East LPG supply, as Saudi Arabia unwinds its voluntary 1 million b/d in extra crude production cuts over May through July.
  • While US-Iran indirect talks over restoring the nuclear deal boost hopes of sanctions relief that could see restrictions on Iran oil sales lifted.
  • More spot supplies take place from Kuwait and Qatar, and US loadings resuming after winter disruptions.
  • Asian consumers are getting lower prices even as Chinese petrochemical demand is growing,...

https://mfame.guru/middle-east-lpg-prices-and-rising-demand-in-china/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon