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Article: November OSPs.
- Article from:
- APS Review Gas Market Trends
- Article date:
- October 12, 2009
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Polling seven out of eight refiners and traders, Reuters last week reported that Saudi Aramco was expected to raise or hold steady the differentials for November official selling prices (OSPs) of heavy crudes due to firm fuel oil cracks, but may cut prices for lighter grades on slow distillate demand. The refiners and traders polled said differentials for the Arab Medium (AM) and Arab Heavy (AH) would rise or stay unchanged from the October OSPs, as Asia's fuel oil cracks scaled to five-year highs last month.
Reuters quoted a "source at a refiner" as saying: "The spot market was so strong, especially in the first half of September, together with strong fuel oil ...