Sunday, September 6, 2020

US Gasoline Demand Going Into The Labor Day Weekend; Saudi Aramco Lowers OSP For Asia -- Lower For Longer -- September 6, 2020

US gasoline demand going into the Labor Day weekend:

Saudi Aramco lowers official sales price for oil shipped to Asia, link here:

  • October, 2020, US bound crude decreased by 50-70 cents/bbl
  • Saudi Aramco drops Oct Asia-bound oil by 90 cents-$1.50/bbl
  • market sources had expected Asia differentials to be cut by $1-$2/bbl

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