Indonesian crudes suffer on poor Japanese appetite

摘要

Tokyo-The differentials for Indonesian direct-burning crudes have come off led by weak demand from Japanese power utili- ties-despite the start of the summer power demand season-and competition from other regional heavy grades. The differential for Minas crude-the most preferred grade by Japanese utilities- to front month ICE Brent futures averaged at a discount of $4.96/barrel in July to date, compared with a discount of $3.77/b in June, Platts data showed.