- China ramps up crude processing as margins improve.
- Asian refiners back from maintenance.
- Strong demand push Oman, Russian ESPO, Sokol to 11-mth high.
- Supply tight as Europe, Africa, U.S. crude to Asia uneconomical.
A recent Reuters news source by Florence Tan says that crude prices in Asia jump on robust demand, tight supply.
Higher premiums paid by Asian refinersAsian refiners are paying the highest premiums for Middle East and Russian crude oil in about a year, due to firm demand and more...
https://mfame.guru/strong-crude-oil-demand-pushes-the-prices/