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Short-term Global Oil Service
Asian Oil Weekly - Crude Prices Rally on OPEC+ Decision to Sustain Production Cuts
Published: 5 March, 2021
Highlights:
- CRUDE: Platts Dated Brent jumped on OPEC+ decision to roll over current production levels to April. In Asia, spot premiums for Australian heavy-sweet crudes are gaining support from strong VLSFO cracks.
- NAPHTHA: Ethylene-naphtha spread surged over the past week on cracker outages in the US. ...
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