Ample supply and weak refining margins affect crude prices

Published on July 28, 2014

The Asia-Pacific crude market witnessed a tug of war between buyers and sellers as poor refining and ample supply affected crude prices.

Petronas has sold two Tapis cargoes to an oil firm and a trader at rates between $3 and $4 a barrel. 

Chevron purchased one Ruby cargo at $2-$2.50 a barrel.


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