Changes to Dubai and Oman crude price assessments
Following a two-month consultation period that ended October 30, Platts is moving forward with some substantial changes to its Dubai and Oman crude oil benchmarks.
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The physical 3.5 FOB Rotterdam barge market trended higher at the prompt February 27, with RMG material leaving Europe for arbitrage destinations, traders said. "The market is getting tighter for RMG...we expect stronger pricing for barges in March," one said. At the same time, supply was sufficient for cracked fuel oil, with a lot of straight run and M-100 being blended into the finished grade pool, albeit at relatively high costs, sources said.
Published January 2015
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