crude oil $ spread good for se asian prod'n

  1. opt
    193 Posts.
    clock Created with Sketch.
    10/02/09
    15:45
    Post #: 4780368
    Decoupling of oil price from WTI is good for those producers in the SE Asian region. Tapis and Minas are the local benchmarks and are now trading at a 35% to 40% premium to WTI.

    IMHO, the decoupling reflects the increase of demand for crude in China as opposed to the decrease in the US which tends to get the headlines.

    Any thoughts?




    Regards,

    OPT
    Likes Created with Sketch.  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

PH2 Pure Hydrogen to supply hydrogen-fuelled garbage truck to City of Newcastle
right-arrow Created with Sketch.
SFX Sheffield Resources achieves milestone production, shipments at Thunderbird, WA
right-arrow Created with Sketch.
3DP Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios
right-arrow Created with Sketch.
SXL Southern Cross says no to buy up of Australian Community Media assets
right-arrow Created with Sketch.
NIM Nimy extends sulphide targets at Mons with new anomalies identified
right-arrow Created with Sketch.
SVL Silver Mines models five new calderas close to 396Moz Bowdens deposit
right-arrow Created with Sketch.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.