The rising demand for crude oil that can more easily produce transportation fuels when refined has some Australian and Malaysian producers boasting cargoes valued at close to $70 a barrel, a hefty premium to global benchmarks.Malaysia’s state oil company Petronas [PETR.UL] sold last week a December-loading Miri Light cargo at a premium of about $4.50 a barrel to dated Brent, equivalent to about $69 at the latest prices, according to multiple traders that participate in the Asian regional crude market. Sponsored Australian Barrow Island and Cooper Basin crudes are now close to $70 a barrel currently, based on premiums for grades of about $1.50 a barrel to Malaysian benchmark grade Kimanis, said the traders. Kimanis itself is priced at a premium of about $4.40 a barrel to dated […]