Declining refining margins for transport fuels such as gasoline and jet fuel have impacted demand for lighter crude grades in Asia, with the value of premium grades such as Abu Dhabi’s Murban crude flattening against medium, heavy-sour barrels in March. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Spot price differentials for light sour crudes such as Murban have taken a beating in the spot market in March on thin demand as refiners face widespread demand destruction for lighter fuels. On the other hand refining margins for residual products such as high sulfur fuel oil have soared, supporting demand for heavier sour grades such as Oman and Basrah Light. “Murban is currently valued near Oman in the spot market, which should give you some idea of how light sour crude is faring at the moment,” a crude trader in Singapore said. While the […]