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2025-07-28 17:59:45
[OPEC+ insists on increasing production, but the demand side "drops the chain"? The crude oil market is hidden] ⑴ The Middle East crude oil market shows signs of differentiation, with Oman and Dubai crude oil spot premiums remaining stable, while Murban crude oil premiums have fallen after hitting a nearly six-month high. ⑵ Indian refiner MRPL purchased two ships of Azeri Light crude oil for delivery in September. This rare purchase occurred after the spot premium of this grade of crude oil fell to a four-year low. ⑶ OPEC+ representatives said the organization is unlikely to change its existing production increase plan to restore market share during the strong summer demand. ⑷ But the latest data showed that India's crude oil imports in June fell 4.7% month-on-month to 20.32 million tons, the lowest since February. ⑸ In addition, Saudi Arabia may raise crude oil prices for Asian buyers in September for the second consecutive month to cope with tight supply and strong demand. ⑹ Russia's average daily oil exports from western ports in August are expected to fall to 1.77 million barrels month-on-month. ⑺ Market data is mixed, with demand showing signs of weakness, but supply still seems to be tightening, which may increase uncertainty about future oil price trends.
