NO. 18


Dubai Market

Japanese Buying Impacts Dubai Market

Bereft of extra term allotments of heavier grades from traditional MiddleEast crude suppliers and spurred on by historically low absolute price levels,Japanese end-users have been turning in increasing numbers spot-traded Dubai.MEES understands that over the last few months Japanese refiners have taken asmany as five to six Dubai cargos a month, almost double normal levels. Thedevelopment is significant in that...