Mideast Gulf cuts create global rush

摘要

1.Prices?fell?sharply?after?Saudi?Arabia?ofered?more?crude?and?at?vastly?discount- ed?values.?Atlantic?basin?benchmark?North?Sea?Dated?fell?by?nearly?$21/bl?to?just? under?$31/bl,?while?US?marker?WTI?dropped?by?around?$14.50/bl?to?$31.50/bl. 2.Saudi?Aramco?dramatically?cut?its?April?crude?prices?for?Europe?and?Mediter- ranean-bound?shipments?by?$5.80-8.00/bl,?and?six?European?refners?are?taking? 20-200pc?more?April-loading?Saudi?crude?than?stipulated?in?their?contractual?al- locations.?Iraq’s?Somo?and?Kuwait’s?KPC?mirrored?Aramco,?cutting?April?prices?to? Europe?by?$4-5/bl?and?$6.75-7.15/bl,?respectively.