Demand for Middle East medium sour crudes, such as Oman, Upper Zakum and Al-Shaheen, continued to grow as prices for light sour grades from the region, such as Murban, turn increasingly expensive for Asian refiners, sources told S&P Global Commodity Insights June 13. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While it is still early days in the August-loading cycle, buyers have kicked off their purchases as the appetite for oil and products across most Asian economies showed no signs of slowing down, sources said. Five 500,000 barrel cargoes of Qatar’s Al-Shaheen crude were heard sold to Japanese buyers including Cosmo Oil, Idemitsu and Eneos for loading in August. The cargoes were heard sold at a premium of around 15 cents/b to the grade’s term price, also known as official selling price, but the information could not be verified. “[It is] a […]