Asian oil commodity traders


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Asian crude traders welcome cuts to Qatari OSP differentials amid resurging demand

Peru will put five offshore oil contracts on hold until it can clear up questions over why the country's disgraced former president awarded them to Tullow Oil before resigning, the new energy and mines minister said on Wednesday. Permian Basin and other local sources while Brent comes from more than a dozen fields in the North Atlantic. This security tracks WTI futures but is vulnerable to contango, due to discrepancies between front month and longer dated contracts that reduce the size of price extensions. Those laws are likely to change in coming years, perhaps narrowing the spread between WTI and Brent, but other supply factors could intervene and keep the divergence in place. Crude oil traders in Asia welcomed cuts to Qatar Petroleum's official selling price differentials amid a strengthening Middle Eastern crude oil market structure and relatively lukewarm OSP cuts by other producers. Qatar Marine looks [like] exceptional value to me now," a Singapore-based crude trader added. Choose a Service Type.
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Small commodities traders scramble for new lenders | Reuters

These counter- swings often occur when equity markets are trending sharply, with rallies or selloffs triggering cross-market correlation that promotes lockstep behavior between diverse sectors. Oil markets tense on Middle East crisis, U. No thanks, I prefer not making money. Please enter a valid email address.
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Asian oil commodity traders
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Asian oil commodity traders



Description: Subscribe Sign up to hear from us. Request a free trial of: Indonesia's minister for state-owned enterprises approved on Wednesday the transfer of a Commodities we trade in.

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