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Heavy crude OSPs reverse course in April.

2017-04-25

Official Selling Prices (OSPs) for select heavy grades were set lower for April, following several months of upward momentum. Iranian Heavy remained at the top of the chart, as it and Arabian Heavy posted similar declines. Iraqi Basra Heavy posted a sharper drop than did Mexican Maya, and OSPs for both crudes were nearly at parity with one another. Also, outright prices for Indonesian Duri inched down in Feb., the latest month that full pricing data was available. The following chart shows OSP trends for Arabian Heavy, Iranian Heavy, Basra Heavy, Duri, and Maya heavy crudes from Nov. 2016 through April 2017. [Note: Arabian Heavy, Iranian Heavy, and Basra Heavy are priced against the Oman crude benchmark, while Maya is priced against the US West Texas Intermediate benchmark, and Duri is priced outright.]


Source: Worldwide Refining Business Digest Weekly.e

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