OPEC+’s landmark production cut deal along with a pickup in demand in the east of Suez may prove effective in raising the official selling prices for the Middle East crude grades flowing to Asia, a survey by S&P Global Platts showed June 2. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Clearly OSPs will get a good hike — extra cuts had the kind of significant impact on the market that the PG producers wanted,” said a Singapore-based crude trader, responding to Platts’ monthly OSP survey. Historic OPEC+ production cuts over May and June seem to have played a considerable role in lifting market structure out of record lows it plunged to back in April, with key Middle […]