Falling Tapis prices ignite demand for Australian oil

摘要

Singapore-Prices for Australia's Cossack crude have risen on a rebound in demand for light, sweet grades, crude traders in Asia said November 17. Japanese trader Mitsui recently sold a Cossack cargo for loading at the end of December at around 0.80/barrel under the benchmark Tapis crude-a gain of about 1/barrel compared with previous sales of December cargoes, according to a source close to the company.