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31-03 2020
PX pressured by oil price rout

Crude oil plunged by more than 9% as OPEC+ deal failed Friday. Saudi Arabia announced on Saturday night to slash its official selling price (OSP) for April for all its crude grades to all destinations, which was considered as the start of price war. Brent crude futures slid more than 29% to $31.02/b

14-10 2019
PX in stalemate due to low margins against supply increase

The fluctuation range of PX price has become narrower since Aug, except for in the period after the strike on Saudi Arabia’s oil facility when PX price was volatile. The gap between buying and selling intentions has become more obviously, and the discussing sentiment more tepid with no deal heard fo

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