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Basrah Medium: A Strong Contender for the Chinese Market

In line with SOMO's announcement that this new grade would be available from the start of January 2021, Petro-Logistics recorded the first-ever loadings of Basrah Medium on 4-5 January, with one VLCC co-loading Basrah Medium & Basrah Heavy and heading to China, and a Suezmax loading a full cargo for delivery to India.

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Jan 5, 2021

Indian Crude: When the Chips are Down

Indian refiners have experienced some of the greatest whiplashes in demand (foreign and domestic) and refinery runs in the world due to Covid-19. Both the collapse in 2Q and now the late-year rebound have been intense. This naturally raises the question: when the refiners must decide what crude supplies to cut or keep, what do they choose?

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Nov 11, 2020

The Untouchable Saudi Grade

When Saudi Arabia decides to increase or decrease production as part of its OPEC strategy, the market is generally aware that Arab Light as the highest volume grade and Arab Heavy as the lowest value grade are key swing barrels. What goes less noticed though is that in the midst of the wild production swings, loadings of one key grade barely budge: Arab Medium.

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Jul 28, 2020

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