SINGAPORE, Dec 18 (Reuters): Indian and Chinese oil buyers are snapping up Middle East crude after spot premiums for February-loading cargoes slumped by more than half to three-month lows on improved supplies to Asia.
The drop in crude differentials, also seen in some European and African crudes, comes as forecasters such as OPEC predict a supply surplus in 2022. Still, views differ on the extent and Goldman Sachs said on Friday average demand will still hit a record next year.
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