September 3, 2025

Anticipated oversupply puts October Mideast OSP strategy under the microscope

Growing oil supplies, softer refining demand, and increasingly competitive arbitrage cargoes are pressuring Mideast NOCs to cut their OSPs. The challenge lies in finding the right balance between defending market share and avoiding a steep sell-off.

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Anticipated oversupply puts October Mideast OSP strategy under the microscopeCargo ship docked at industrial port with red-covered containers and red ore piles, city skyline in the background.

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