12:42 - 25.08.2025

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August 25, Fineko/abc.az. For the first time since April, Brent crude, the global benchmark, is trading at a discount to Middle Eastern Dubai crude — the difference amounted to minus 3 cents per barrel. According to ABC.AZ, this is evidenced by Bloomberg data.

Typically, oil from the Persian Gulf, a key supplier to Asia, is sold at a discount compared to Brent. Expectations of oversupply in the coming months have been driven by increased production by OPEC+ countries and independent producers. The risk of oversupply is putting pressure on Brent quotes and reducing time spreads. Additional support for Middle Eastern grades came from a surge in purchases by Indian refineries: against the backdrop of U.S. President Donald Trump’s threats to impose sanctions on imports of Russian oil, India’s largest buyers are increasing imports from regional countries.