Current Prices

Heavy crude OSPs set slightly higher for March.


Official Selling Prices (OSPs) for select heavy grades were mostly set marginally higher on the month. Iranian Heavy and Mexican Maya inched up, while Iraq's Basra Heavy posted a sharper increase. Arabian Heavy, however, was set marginally lower on the month. Meanwhile, the outright price for Indonesia's Duri jumped in Jan., 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 Oct. 2016 through March. 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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