The Hidden Cost of Saudi Arabia’s Oil Export Recovery
China's temporary ban on refined product exports has caused Asian product cracks to surge, with jet fuel, diesel, and gasoline spreads rising significantly. Several oil and gas companies announced major deals, including Cenovus Energy's acquisition of Athabasca Oil, Energy Transfer's purchase of Vaquero Midstream, and Petrobras' LNG supply deal with Cheniere. Saudi Aramco cut Asian oil prices while raising European prices, and OPEC+ rolled over its November production quotas.




