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SINGAPORE, Oct 15 (Reuters) — Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban fell further to over two-month lows, as record freight rates weighed down buying appetite from Asia. Buyers were also wary of increased shipping risks after more attacks in the Middle East were reported recently. The dec
Oct 15 (Reuters) — Russian Urals crude premiums for delivery to India have fallen to near parity with dated Brent as weak refining margins in Asia weigh on demand, three trading sources told Reuters. The decline is squeezing sellers' profits, already under pressure from record freight rates that are eating into Russia'
Three trading sources told Reuters that weak Asian refining margins are weighing on demand. The decline is squeezing sellers’ profits, while record freight rates are also pressuring margins.