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|Can Asia Continue Its Crude Oil Buying Spree? Cautious optimism in Asia has given leeway to further reopening of the economy and this is translating into higher fuel demand, leading to higher differentials for Middle East crude grades|
With Europe and North America falling ever deeper into the quagmire of second-wave coronavirus lockdowns and curfews, caution has become the universal buzzword. In Asia, however, the anticipation of worse things to come has given way to a cautious optimism that has prevented Middle Eastern differentials from falling.
Posted: 2020-11-12 23:49:00
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