|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
06.07.26 - 21:48
|
Saudis Slash Main Oil Price to Rare Discount (Bloomberg)
|
|
|
Ellen Wald, president of Transversal Consulting and Author of 'Saudi, Inc.,' said that Saudi state oil producer Saudi Aramco is lowering the price of oil to make it worthwhile for Asian buyers to charter a tanker to go into the Strait of Hormuz and to buy up stores of oil that have laid stagnant during the war. Wald said that while Saudi Aramco made money off of the conflict in Iran, they want the keep oil prices stable. (Source: Bloomberg)...
|
|
|
06.07.26 - 18:30
|
Saudi Arabia Sells Oil At A Discount For The First Time Since COVID Crash, As China Demand Collapses (ZeroHedge)
|
|
|
Saudi Arabia Sells Oil At A Discount For The First Time Since COVID Crash, As China Demand Collapses
We previously discussed the unprecedented collapse observed in recent months in Chinese oil demand and imports, which led to the bizarre scenario where even Iran can't find buyers (read China) for its temporarily unsanctioned oil armada (see "Iran Runs Into Big Problem: No Buyers For Its Oil, As Full Tankers Pile Up Off China") and which prompted even JPM to point out that something bigger is going on behind the scenes.
"The scale of China's oil demand collapse has been so dramatic that Chinese policymakers are reportedly examining whether this historic slump reflects a temporary response to elevated global prices or a more structural shift in consumption patterns." - JPM
— zerohedge (@zerohedge) July 4, 2026
Understandably, with such a huge source of demand sidelined, today Bloomberg reported that Saudi Arabia has made big reductions to its main crude oil prices for b...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|