Indonesia buys Caspian crude

摘要

Caspian BTC Blend crude is looking increasingly good value next to light sweet Asia-Pacific crudes such as Malay- sian Tapis (see upper graph). Slim demand and an overhang of supplies are pressuring light sweet crudes in Europe. Indo- nesia’s Pertamina bought 33,000 b/d of July-loading BTC Blend in its most recent sweet crude tender.