S&P Global Platts said on Monday it will launch new price assessments for U.S. c...
) said on Monday it will launch new price assessments for U.S. crude for Asian buyers from Oct. 1, as the United States exports more oil to the East.
Asian refiners are increasingly turning to sweet, or low-sulfur, light U.S. crude, amid falling production in Asia and as U.S. sanctions curb oil supply from Iran and Venezuela. At both locations, Platts will assess cargoes for delivery three months from the date of publication, it said. “The market has already shown appetite to demonstrate the value of WTI though the recent publication of the first firm and transparent offer in the Platts Asia Market On Close price assessment process, priced at a premium to Platts Dubai,” said Vera Blei, head of oil market pricing at S&P Global Platts.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set to trade mixed as China's exports to the US fallChinese customers data showed the country's exports unexpectedly fell in August, pointing to further weakness in the world's second-largest economy.
Read more »
NuStar expects Texas hub's crude loadings to double this month: executiveCrude loadings out of NuStar Energy LP's Corpus Christi, Texas, export term...
Read more »
China's August crude imports rise on margin rebound, but fuel surplus persistsChina's crude oil imports gained about 3% in August from a month earlier, c...
Read more »
Dow and S&P 500 post small gains as stocks shake off an early dipThe stock market's rise this week was helped by news that the U.S. and China plan to start another round of trade talks next month.
Read more »
'It: Chapter Two' Floats to No. 1 With $91 MillionLOS ANGELES, (Variety.com) - Leave it to Pennywise to deliver a much-needed jolt...
Read more »
Katie Price and Kerry K 'kebab binge' and share farting video during girls nightKatie Price and Kerry Katona binge on pizza and kebabs before sharing farting video during girls night in
Read more »