11APR2019 - NEWS - Prices for Australian heavy-sweet crude grades seen rising ahead of IMO 2020 sulphur cap regulation

Prices for Australian heavy-sweet crude grades are rising as traders snap up cargoes for blending ahead of new rules on shipping fuel, putting them among the most expensive crudes in the world. The high premiums are benefiting producers such as BHP Group , Santos Ltd and Inpex Corp, which sell grades such as Pyrenees and Van Gogh produced offshore western Australia. The two grades have been sold at premiums of more than $7 a barrel to dated Brent, up more than $1 from the previous month, after Royal Dutch Shell and Mitsui & Co snapped up one May-loading cargo each.

Published by Editor - www.Livebunkers.com at 11-Apr-2019 05:24:34 [UTC] , contact editor at editor@livebunkers.com