Saudi Aramco decreases crude prices to Asia to lowest in four months
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Saudi Aramco implemented a price cut for its Arab Light crude for its customers in Asia for January to the lowest price in four months.
Meanwhile, the company reportedly increased its Arab Light crude January prices to Northwest Europe following the price hikes in the region after the Opec deal.
According to economists, with these moves, the country is working on getting the most of the price increases after the Opec deal without losing their competitiveness in Europe while at the same time they are trying to keep their market share in Asia, the region from which they get the most demand, Reuters reported.
Meanwhile, the company reportedly increased its Arab Light crude January prices to Northwest Europe following the price hikes in the region after the Opec deal.
According to economists, with these moves, the country is working on getting the most of the price increases after the Opec deal without losing their competitiveness in Europe while at the same time they are trying to keep their market share in Asia, the region from which they get the most demand, Reuters reported.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Global PP and PE sellers approach Türkiye with hikes for January
- European PP and PE markets start 2025 on a stable to slightly firmer note
- Global spot styrene markets open 2025 on divergent paths
- New year opens with mixed trends in China’s PVC markets
- China delays major PP, PE startups as expansion plans hit roadblocks
- Stats: Türkiye’s total PP and PE imports down year-on-year in January-November
- PP markets quiet in China; sellers pin hopes on pre-CNY demand
- China's PVC markets struggle with record lows as curtain falls on 2024
- Türkiye’s recycled markets see divergent expectations for January
- China, SE Asia Olefins outlook for 2025: Poor profitability to dominate ethylene, propylene value chains