# - Cyprus Shipping News

> Oil product prices fell in the week after Saudi Arabia cut its official selling prices to Asia and China reduced oil import volumes. Fuel oil 3.5 dropped 6% and low-sulfur products fell 7 to 8%, even though ARA fuel oil stocks declined.

- Date: 2020-09-10 · published 2020-09-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10508-cyprus-shipping-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower Saudi OSPs and weaker Chinese import demand point to softer refined product prices, which reduces bunker and diesel costs for shipping and feed logistics.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- cyprusshippingnews.com: https://cyprusshippingnews.com/2020/09/10/maritime-market-update-oil-product-prices-moved-lower-despite-the-inventories-draw/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.