Insight
Saudi Arabia’s price push for oil market dominance in Asia
Report summary
The April 12 agreement on OPEC+ production cuts was quickly followed by Saudi Arabia announcing steep discounts on the official selling prices (OSP) for its crude exports for May into Asia. The move is a clear indication of the country’s strategic goal of ensuring its crude remains highly competitive in its most important markets and of its intent to protect Asian market share against competing supplies from the US, Russia and Africa. With the steepest discounts, Asia will benefit most. As fierce supply competition drives discounts, the region’s struggling refiners must take full advantage of the abundant crude options to maximise their margins.
Table of contents
- Asian crude slates to change as competition intensifies
- Saudi pricing set to secure market share
- What this means for Russia’s pricing strategy in Asia
- Asian refiners set to be the big winners
Tables and charts
This report includes 1 images and tables including:
- Why Asia matters - export market share for key producers (2019)
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Thailand retail fuels long-term outlook
Thailand’s domestic road fuel consumption market is the third largest in Southeast Asia at around 30 billion litres
$4,750
Commodity Market Report
Global products market weekly: Refining margins ease as crude continues to climb on geopolitical tensions
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
Commodity Market Report
Global products market weekly: Refining margins ease as naphtha cracks continue to weaken
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
