Crude oil futures retreated marginally during mid-morning trade in Asia on April 5, after the OPEC+ alliance announced its plans late April 1 to gradually taper off production cuts from May to July. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Middles East ** The week commences with eyes on the issuance of official selling prices by various Middle East oil producers. Saudi Aramco issued OSPs for Asian-bound crude with a hike of 20-50 cents/b across their various crude grades. OSPs by other producers namely ADNOC, Iraq’s SOMO and Qatar Petroleum are awaited. ** Focus also remains on the decision by the OPEC+ alliance to gradually ease oil production cuts, including Saudi’s voluntary cuts. With fresh COVID-19 outbreaks and tepid demand scenarios, the impact of additional oil supplies will be closely watched by the market. ** Spot trading and tender activity was […]