Murban premiums plunge to near 20-month low on thin trade, weak refining margins

Kitco Media
By Reuters
Published:
Updated:
Reuters
SINGAPORE, April 20 (Reuters) - Spot premiums for June-loading Murban crude from Abu Dhabi plunged to their lowest level in nearly 20 months amid thin trade and fragile market sentiment following a plunge of refining margins in Asia, Reuters data showed. The premium is assessed at $1.58 a barrel over Dubai quotes on Thursday, a level last seen in late August 2021. (Reporting by Muyu Xu Editing by Mark Potter)

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