Sinopec said to cut May's oil imports as Saudi Aramco ups prices

09/04/2018 Argaam

 

China’s Sinopec is planning to slash Saudi crude oil imports in May by 40 percent as state-run Saudi Aramco set higher-than-expected prices, Reuters reported on Monday, citing an unnamed official from the company’s trading unit, Unipec. 

 

“Our refineries think that these are unreasonable prices as they do not follow the pricing methodology,” the official said. 

 

Asian oil traders have struggled to understand how Saudi Arabia derived its official selling prices (OSPs) for May after raising the price for its flagship Arab Light crude sold to Asian refiners.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.