Indonesian direct-burning crude sales rise

摘要

Singapore—The differential between Indonesia’s direct burning crudes— Minas, Cinta, Widuri and Duri—against April ICE Brent crude futures has risen to multi-month highs amid strong demand from Japan, which is seeking to replenish its crude oil inventory following a drawdown caused by the recent cold spell. Platts assessed Duri’s differential to April ICE Brent futures at minus 66 cents/barrel on Monday—its narrowest level in over 18 months. The last time Duri was higher was on August 22, 2012, when it was assessed at a premium of 23 cents/b to ICE Brent. The differential has narrowed from minus $4.06/b on February 26.