News
UPDATE 1-Australia heavy sweet crudes soar on strong Asia demand
www.reuters.com
[Reuters] - Premium for the May-loading cargo was at $2.50 a barrel above dated Brent, up $1.50 a barrel from the previous month, a trader said. (Additional reporting by Luke Pachymuthu and Yaw Yan Chong; Editing by Manash Goswami)
RPT-ANALYSIS-Quake may turn Japan to a diesel importer from exporter
www.forexyard.com
[Forexyard] turned positive, with its March/April and April/may timespreads firmly backwardated at above 10 cents a barrel and with strong buying interests seen. (Reporting by Yaw Yan Chong; Editing by Manash Goswami) (c) Copyright Thomson Reuters
Taiwan Formosa sells 2nd March fuel oil cutter at record-high prices
www.reuters.com
[Reuters] the viscosity spread to $ a tonne by today's Asian close at GMT. Western arbitrage inflows will also be thin from second-half April, with May volumes at an estimated million tonnes. (Reporting by Jasmin Choo Editing by Manash Goswami)
Google News: COMMODITIES-Energy markets brace for shockwaves after Japan quake
[Reuters AlertNet] to repatriate funds in order to cover cost of damage. Tokyo will probably need to borrow more, too, which should help keep the yen high. That will depress the currency basket and underpin gold." (Reporting by Nick Trevethan; Editing by Manash Goswami)
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