Middle East Crude Premiums Fall to Pre-War Levels
Spot premiums for Middle Eastern crude benchmarks returned to pre-war levels this week as ample supply and weaker Asian refining margins slowed buying interest.
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10:32:06 AM UTC
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Middle East crude oil premiums tumble to pre-war levels amid ample supply Mideast producers ramp up
By Siyi LiuSpot premiums for Middle Eastern crude benchmarks returned to levels seen before the Iran war this week as ample supplies weighed on the market, while cooling refining margins in Asia slowed buying interest.Middle Eastern producers ramped up crude exports in September and October, which…