Analysts feel any large additional buying of Saudi crude by New Delhi is unlikely as Iraqi barrels are slightly more costcompetitive than the Saudivariety. The recent Saudi price cuts have reduced the formula price of Arab Light from a $3.5 per barrel premium to Oman/Dubai to $1.5 perbarrel, according to analysts."Delivered into India, that is still $6-7 per barrel more expensive than Urals,"Viktor Katona,lead crude analyst at Kpler said.
Most Saudi cargoes to India are shipped via very large crude carrier (VLCC) resulting in $1 per barrel as the shipping cost and the final price of $2.5 per barrel above the Dubai grade.
هذه القصة مأخوذة من طبعة January 18, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 18, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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