NO. 33


Japanese Buyers Pay 0SP Minus 96 Cents/B for May Deliveries of IndonesianCrude

According to MEES sources in Tokyo, Japanese buyers are paying for Maydeliveries of Indonesian crude on the basis of official selling prices (OSPs)minus 96 cents/B, with the 96-cent discount applicable to all grades of crudeacross the board. The OSP for Indonesia's benchmark Minas crude is $17.56/B. TheMay price to Japanese buyers is 60 cents higher than the April price which wasset at OSP...