The Middle East divides its exportable geography into three major regions, namely Americas, Europe and Asia. The latter has risen in recent years to become its most important customer base due to the volume of Middle East crude oil imported by major refining hubs such as China, Japan, Korea, India and others in the continent.
The Middle East’s close geographical proximity and political alliances eastward make it the first stop for most Asian oil importers. General Index’s markets team brings deep historical relevance and current pricing and analytical expertise together to produce a daily report of accurate and transparent prices and commentary with a differential viewpoint for the wider market.
The Middle East crude report will benefit the following groups of market participants:
Key price assessments (see below)
Market insights - details of General Index pricing logic to maintain transparency and neutrality, framed by larger fundamental viewpoint of oil markets
Trade summary, covering:
- Middle East crudes to Asia, thorough tally of Dubai, Oman and other partials trades
- Spot market deals, bids and offers of full-sized 500,000 barrel (or larger) cargoes of Middle East grades
- Informal reporting of privately concluded deals between two counter parties
- Market survey of spot market tenders that various buyers or sellers issue on a regular or ad-hoc basis
- Arbitrage crude deals such as Russian Urals, or US WTI that are relevant to buyers for price comparison
The Middle East Crude Report is published daily (subject to General Index holiday calendar) and made available to its customers via direct data feeds and emails to customers.
All prices are printed in USD/bbl and normalised via internal calculations to reflect market value as at 1630 Singapore time. Technical details for each of these key grades can be found in the relevant factsheet.
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