Dirty Oil Gets More Pricey as Major Producers Bank on Asia
- Iraq, U.A.E., Qatar boost medium-sour crude prices for August
- Distillates-rich lighter oil out of favor on low fuel demand
This article is for subscribers only.
Follow us @middleeast for more news on the region.
Middle East producers are banking on robust demand from Asia for its more sulfurous and dense crude, boosting prices for the dirtier oil even as OPEC+ considers loosening cuts that would increase supply.