As Reuters reports, prices for Australian heavy-sweet crude grades are increasing since traders rush to gain cargoes for blending ahead of new rules on shipping fuel, placing them among the most expensive crudes in the world.
Specifically, the high premiums are beneficial for the producers as BHP Group , Santos Ltd and Inpex Corp, which sell grades such as Pyrenees and Van Gogh produced offshore western Australia.
The two grades have been sold at premiums of more than $7 a barrel to dated Brent,...
https://safety4sea.com/australian-heavy-sweet-crudes-surge-in-light-of-sulphur-cap/