#adnocplanstotrimasiacrudeshipments
🛢️ A small cut, a big move in oil
It is said that ADNOC is reducing its crude sales to customers in Asia by about 5% for the months of August and September—and oil prices reacted almost immediately. 📈
The striking part? This reduction affects only spot-market cargoes, yet Murban crude jumped for ADNOC, since traders remain highly sensitive to supply risks around the Strait of Hormuz.
That raises a bigger question:
Is the market facing a real supply shortage, or has the uncertainty tied to the Gulf made traders react more sharply to every supply signal? 👀
In any case, when relatively small adjustments can move the pricing of benchmark indicators, there may be only a very thin margin left in the oil market.
Follow up, please
#Oil #CrudeOi #adnoc #Murban
$CL
$BTC
$NATGAS
🛢️ A small cut, a big move in oil
It is said that ADNOC is reducing its crude sales to customers in Asia by about 5% for the months of August and September—and oil prices reacted almost immediately. 📈
The striking part? This reduction affects only spot-market cargoes, yet Murban crude jumped for ADNOC, since traders remain highly sensitive to supply risks around the Strait of Hormuz.
That raises a bigger question:
Is the market facing a real supply shortage, or has the uncertainty tied to the Gulf made traders react more sharply to every supply signal? 👀
In any case, when relatively small adjustments can move the pricing of benchmark indicators, there may be only a very thin margin left in the oil market.
Follow up, please
#Oil #CrudeOi #adnoc #Murban
$CL
$BTC
$NATGAS