Foreign interest gains for US medium sours

摘要

The US export slate is shifting to include more medium sour crudes like Mars as global refners seek more economical alter- natives to tightening Mideast Gulf supply. Saudi Aramco has lifted its ofcial formula prices to Asia- Pacifc for the third consecutive month, this week declaring August-loading Arab Medium cargoes would be priced at a $1.20/bl premium to the average of Oman and Dubai bench- marks, or $1/bl higher than that grade’s price for July.