Most January-loading Mideast Gulf sour grades traded at discounts to their official prices as improved arbitrage economics for competing Atlantic basin crude capped interest from Asia-Pacific refiners. January-loading medium sour Upper Zakum traded at 15-30￠/bl discounts to state-owned Adnoc’s official selling price, compared with premiums in the December trade cycle. Medium sour Banoco Arab Medium differentials also weakened.
展开▼
