t make economic sense for Asian buyers to import crude from the U.S. Gulf, with a discount of at least $4 a barrel needed to overcome the higher freight rates involved for the longer sea journey.

Tanker rates from the United States to Asia have also been rising recently, with the cost of shipping a tonne of oil from Houston to China TC-HOU-DLC assessed by Thomson Reuters at $29.01 on March 2, up from $18.44 at the start of February and $16.79 in late September last year.

Another factor undermining U.S. crude exports to Asia is the likelihood of plentiful cargoes from traditional suppliers in the Middle East and Africa.

Several refineries in Asia undertake routine maintenance in the low-demand second quarter, which usually prompts both lower official selling prices (OSPs) from Middle Eastern producers such as Saudi Arabia, as well as sharper discounts in the physical markets.

Saudi Aramco, the kingdom’s state-owned producer, said in a statement on Monday that it would trim the OSP for its main Arab Light grade to a premium of $1.10 a barrel over regional benchmark Oman-Dubai crude for April-loading cargoes, down from $1.65 for March shipments.

This matched the expectations of traders and refiners in the region surveyed ahead of the release, and shows the Saudis are still trying to ensure their crude remains competitive, even as they maintain a commitment to restrain output by the terms of the agreement between the Organization of the Petroleum Exporting Countries and allies, including Russia.

The Saudi OSP sets the trend for official prices from other producers in the Middle East, such as Iraq, Iran and Kuwait.

Overall, it seems that U.S. crude exports to Asia are facing headwinds that will likely only be alleviated by a re-widening of WTI’s discount to Brent.

That will most likely require rising shale oil output, a levelling out of U.S. refinery demand and ongoing OPEC curbs to keep prices other than WTI at elevated levels. A Russian human rights lawyer believes the Kremlin has “a lot” of dirt on President Donald Trump.

Ivan Pavlov made the charges in an interview with SBS News in Australia. Pavlov was visiting as a winner of Human Rights Watch’s Alison Des Forges Award for Extra
t make economic sense for Asian buyers to import petroleum from the U.S. Gulf, with a deduction of at least $ 4 a barrel needed to overcome the eminent cargo rates involved for the longer ocean journey. 

 Tanker rate from the United States to Asia have also been resurrect recently, with the cost of shipping a metric ton of oil from Houston to China TC - HOU - DLC assessed by Thomson Reuters at $ 29.01 on March 2, up from $ 18.44 at the startle of February and $ 16.79 in belated September last year. 

 Another factor undermining U.S. crude export to Asia is the likelihood of plentiful cargoes from traditional suppliers in the Middle East and Africa. 

 Several refinery in Asia undertake routine maintenance in the low - demand second one-fourth, which usually prompts both lower official selling prices (OSPs) from Middle easterly producers such as Saudi Arabia, as well as sharper discounts in the physical markets. 

 Saudi Aramco, the kingdom ’s state - owned producer, said in a statement on Monday that it would trim the OSP for its main Arab Light grade to a premium of $ 1.10 a barrel over regional benchmark Oman - Dubai crude for April - loading cargoes, down from $ 1.65 for March cargo. 

 This matched the expectations of trader and refiner in the region surveyed ahead of the release, and shows the Saudis are however trying to ensure their crude remains competitive, even as they keep a commitment to restrain output by the terms of the agreement between the Organization of the Petroleum Exporting Countries and allies, including Russia. 

 The saudi-arabian OSP sets the trend for official prices from other producers in the Middle East, such as Iraq, Iran and Kuwait. 

 Overall, it seems that U.S. crude export to Asia are face headwinds that will likely only be relieve by a re - widening of WTI ’s discount to Brent. 

 That will about likely ask rising shale oil output signal, a levelling out of U.S. refinery demand and ongoing OPEC curb to keep prices early than WTI at elevated levels. A Russian human rights lawyer believes the Kremlin induce “ a lot ” of scandal on President Donald Trump. 

 Ivan Pavlov made the charges in an consultation with SBS News in Australia. Pavlov was visiting as a winner of Human Rights Watch ’s Alison Des Forges Award for Extra
t mwke economic sense for Arian buyers to nnport rrude fdom the J.S. Gulf, with a discount of av leqst $4 q barrel needed to ovefcome the higher dreijht rates involvxs for tmz lonfcr sec oourney.

Tanker rstes from dhe United Stader co Asia have also been rising recentjy, with tje cost of shikping w tohne of oil from Houston to China TD-HOU-DLC assessed by Yhomson Reuters at $29.01 on Marfh 2, kp from $18.44 at the stwrt of Febrozry qnd $16.79 in late September last year.

Ankther factor undermining U.S. cruae ex'orts to Asua is jhe likelihoid of plentiful cargoes fsom tracitional suppllers mn tye Middle East and Afcica.

Several refinerigs in Asia uudertake routine mainrebance in dhe uiw-ddmahd sscond euacter, which hsually pronpts both lower offocyql selling prjces (OFPf) from Middle Eastern producers such as Sahdi Arabia, as well as syarper discounts in tje physicwl markets.

Saudi Aramco, the kingdom’s state-owned prmducec, raib in a wtwtement on Monday that it would trim the OSP skr ins main Arab Lighb grade to a premiim og $1.10 a barrel ovgr regionam benchmark Oman-Duhai cruqe foe April-lowdinb cargoes, down from $1.65 for Maech shipmentf.

Rhis matched the erpectations uf ttaders and refiners in the reyion shrveyed ahewd of the felease, and showr tme Vaudis are still trying to ensure tieir erude reoainx compqtitive, evfn as they maintain a colmitmgnt to restrain lutput by the terms of the agrexkent between tve Mrganizacion on the Petroleum Exporting Couutries aud allkes, includpng Russie.

The Saudi OFP sets the tsgnd for officmal pricef frim orher pruaucers in the Kiddle East, such as Iraq, Iran and Kuweit.

Oxsrall, it seems ckau Y.S. crude exporys go Wspa ere fwwing headwings tfat eill uikely only ce akleviated by a re-widaninf of WTI’s discount tj Brent.

Tyat will most likely tequire rising shape oin ontput, s lgvelling out of U.S. refinery demznd and ojgolng OPEC curbf to keep prices other than WTI at elevated levels. A Ruwsian human rights lawyer believes thg Kvemlin has “a lot” jf dirt ot President Donald Teump.

Ivan Pavlov msde the charges in an intereiew aith SBS News in Australia. Pavlov was visiting as a winner of Human Rightw Watci’s Alison Des Forbes Afaxd yor Extwa
t make economic sense for Asian buyers crude the U.S. with a discount barrel to overcome the freight rates involved the longer sea journey. Tanker rates the United States to Asia have also been rising recently, with the cost shipping a tonne of oil from Houston to China TC-HOU-DLC assessed by Thomson at on 2, from $18.44 at the start of February and $16.79 in late September last year. Another factor U.S. crude exports to Asia is the likelihood plentiful cargoes from traditional in the Middle East and Several in Asia routine in low-demand second quarter, usually prompts both lower official selling prices (OSPs) from Middle Eastern producers such as Saudi Arabia, as as sharper the physical Saudi the state-owned producer, said statement on Monday that it would for its main Arab Light grade to a of $1.10 barrel over regional benchmark Oman-Dubai crude April-loading cargoes, down from $1.65 for March shipments. matched the expectations of traders and refiners in the region surveyed ahead of the release, the Saudis are still to ensure their remains even they a commitment restrain output by the terms of the agreement between the Organization the Petroleum Exporting Countries and allies, including Russia. The Saudi the for official prices other producers in the East, as Iraq, Iran and it that to are headwinds that will likely be alleviated by a re-widening WTI’s discount to Brent. rising shale oil output, a levelling out of refinery demand and ongoing OPEC curbs to prices other than WTI at elevated levels. A Russian human rights lawyer the Kremlin lot” of dirt on President Donald Trump. Ivan made the charges in interview with SBS News in Australia. Pavlov was visiting a of Human Watch’s Alison Des Award for Extra
t make economic sense for AsiaN buyers to iMport CruDe fRoM the u.S. GuLf, with a discounT Of at Least $4 a barrel needed to ovErcomE tHE higHEr FreigHt rates INvOLVed FoR tHe lOnGEr Sea joUrnEy.

TankeR rates from The unIted States to aSiA have also bEen Rising recentLy, wIth the CoSt oF ShippIng A tonnE of oil FRom HouSton to ChiNa tc-HOU-DLc AssesseD BY THomsOn Reuters at $29.01 on MarcH 2, Up FRom $18.44 at the start oF FebruArY AnD $16.79 IN laTe SEptember laSt Year.

ANOther faCToR UNDerMIning U.S. crude eXports to AsiA Is tHe likeLiHooD Of plenTiful CaRGoeS from traditIonaL supplierS in the mIddle EaST and AfrIca.

SevEraL reFineRIeS iN AsIa UNdeRTaKe rOUtiNe mainteNaNcE in thE low-DEMANd seConD quaRter, wHich usually prOmpTs boTH loWer ofFiciaL selLiNg priCes (OSPS) from miDdle Eastern prodUcerS such as SaUdi arAbiA, aS well AS sharpEr dIscOunts in The physICal MaRKETs.

saudi Aramco, the kingDoM’S StAte-owned ProducER, sAiD In a stateMeNt oN MonDAY that It woULd Trim the OsP for iTS mAiN Arab LiGhT grade To A prEmiUm of $1.10 a BArreL over rEgional bEnchmARk Oman-Dubai cruDE for April-loadINg CARgOEs, doWn fRom $1.65 for March ShipMEnts.

this MAtCheD The exPectaTiONs OF traders and refiners In The regIon suRveyed ahead of The release, AND Shows the saudIS aRE still trying to EnsurE their crudE Remains cOmpetItive, eveN as they maINTain a comMitMenT to ResTRAiN output by the tERMs of ThE agreemEnt Between The orgAniZatIoN of the PetRoleum ExPoRtInG COunTries ANd allies, InCluDiNg RUssia.

tHe SaudI OSP sEts tHe TrENd fOr officIAl PRIces FrOm OtheR prOdUcers In thE midDle East, Such as IraQ, IrAN and kuWaIt.

OveraLl, it seems that u.S. Crude exporTs To ASia are FACing headWinds that will likely only BE alleviAteD by a rE-widEning of WTi’s dIscounT to bRent.

ThAt will Most lIkEly REQuire RISiNg sHaLe oil outpuT, A LevEllinG oUt of u.S. refinEry demand and ongoinG oPEc curbs to keep pRicEs otHER tHan wtI AT elEvATed LEVels. A Russian humAn rights laWyER bElieves the kRemLiN has “a loT” of dirt On PreSIdent DoNald Trump.

ivan PavloV mAde tHE ChaRges in an inTerview wIth SBS NewS In AusTRaLia. PaVloV was viSiTinG as a wInner oF humAn RigHts WatCh’S AlisoN Des FOrGes Award For Extra
t make economic sense forAsian buye rs to  im por tcrud e fr om the U.S. Gu l f, w ith a discount of at l east$4 a ba r re l nee ded too ve r c ome  t he  hi gh e rfreig htrates i nvolved fo r t he  longer seaj ou rney.

Tan ker  rates fromthe  Unite dSta t es to  As ia ha ve als o  beenrising re ce n tly, w i th thec o st  ofshipping a tonneo fo il from Housto n to C hi n aT C -HO U-D LC assesse dby Th o mson Re u te r s at$ 29.01 on Marc h 2, up fro m  $1 8.44 a tthe startof Fe br u ary  and $16.79  inlate Sept emberl ast yea r .

Anot her fa cto r u nder m in in g U .S .  cr u de  ex p ort s to Asi ais  thelike l i h o od o f p lent ifulcargoes fromtra diti o nal  supp liers  inth e Mid dle Ea st an dAfrica.

Severa l re fineriesinAs iaun derta k e rout ine  ma intenan ce in t h e l ow - d e ma nd second quarter,  w h i ch  usually  promp t sbo t h lowerof fic ials e lling  pri c es  (OSPs)from M i dd le  Easter nproduc er s s uch  as S a udiArabia , as wel l ass harper discoun t s in the phys i ca l ma r kets .
Saudi Aramc o, t h e ki ngdo m ’s  st a te-ow ned p ro d uc e r, said in a statem en t on M onday  that it woul d trim the O S P for it s ma i nA rab Light grad e toa premiumo f $1.10a bar rel over  regional b enchmark  Om an- Dub aic r ud e for April-l o a ding  c argoes,  do wn from  $1 .65  fo r M ar ch shipme nts.

Th is  m at ch edthe e x pectatio ns  of  t rad ers a n d refi nersin t he  r e gio n surve y ed a head  o ftherel ea se, a nd s h ows  the Sa udis aresti l l tr yi ng  to ens ure their cru de  remains c om pet itive, e ven as t hey maintain a commitme n t to re str ain o utpu t by theter ms ofthe agreem ent be tween  t heO r ganiz a t io n o fthe Petrol e u m E xport in g Co untries  and allies, inclu d ing  Russia.

The  Sa udiO S Pset s  t h e t re n d f o r  official price s from oth er pr oducers in the  M iddle E ast, su ch as Iraq, I ran and K uwait.

O ve rall , itseems that  U.S. cr ude expor t s toA si a are  fa cing h ea dwi nds t hat wi l l l ikely  onlybe  allev iated  b y a re-w idening of WTI’s discou nt toBrent .
That will  mo s t l ikely req uire  rising sh ale  oi l out put ,  a le vell i ng  ou t  of U .S.r efinery d e ma nda n dongoing OPE C c urb s tokee p  price s ot her than WTI at e l evated levels.  A R u s sia n h u manri ghts lawyer be lie ve s the Krem li n has “a lo t” of di rt on Pr esiden t Dona ld Trum p . 
I van Pa vlov  ma de the ch arg es in an i nt er v iew wi th S BS  Newsin Aus t rali a .  Pavlov was visi tinga s  a wi n ner  of H um an Righ t s Wa tch’s Alis on Des Forg es Awa rd f or Ex tra
t make_economic sense_for Asian buyers to_import crude_from_the U.S._Gulf,_with a discount_of at least_$4 a barrel needed_to overcome the_higher_freight rates involved for the longer sea journey.

Tanker rates from the United States to_Asia_have also_been_rising_recently, with the cost of_shipping a tonne of oil_from Houston_to China TC-HOU-DLC assessed by Thomson Reuters at_$29.01_on March 2,_up from $18.44 at the start of February and_$16.79 in late September last year.

Another_factor undermining U.S._crude_exports_to Asia is the_likelihood of plentiful cargoes from traditional_suppliers in the Middle East and_Africa.

Several refineries in Asia undertake routine maintenance_in the low-demand second quarter, which_usually prompts both lower official_selling prices_(OSPs) from Middle Eastern producers_such as Saudi_Arabia, as_well as sharper_discounts in the physical markets.

Saudi Aramco,_the kingdom’s state-owned_producer, said in a statement on_Monday_that it would_trim_the_OSP for_its main Arab_Light_grade to_a_premium of $1.10 a barrel over_regional_benchmark Oman-Dubai crude for April-loading cargoes, down_from $1.65 for March_shipments.

This_matched the expectations of_traders and refiners in the_region surveyed ahead of the release,_and shows_the Saudis_are still trying to ensure their crude remains competitive, even as_they maintain a commitment to restrain_output by the terms_of the_agreement_between the Organization_of_the Petroleum_Exporting Countries and allies, including Russia.

The Saudi_OSP sets_the trend for official prices from_other producers in the_Middle_East, such as Iraq, Iran and_Kuwait.

Overall, it seems that U.S. crude_exports to Asia are facing_headwinds_that_will likely only be alleviated_by a re-widening of WTI’s discount_to Brent.

That will_most likely require rising shale oil output,_a_levelling out of U.S. refinery demand_and_ongoing OPEC curbs to keep prices_other_than_WTI at elevated levels. A_Russian human rights lawyer believes the_Kremlin has “a lot” of dirt on President Donald_Trump.

Ivan Pavlov made_the charges in an interview_with_SBS_News in Australia. Pavlov was visiting as a winner of_Human Rights_Watch’s Alison Des_Forges Award for Extra