Australia’s Sep-loading heavy sweet crude premiums steady despite easing LSFO cracks

Limited supplies of Australian heavy sweet crude grades amid healthy refining margins continue to support spot premiums of September-loading barrels despite a weakening in low sulfur fuel oil cracks, trade sources told S&P Global Commodity Insights July 27. A 550,000-barrel cargo of Vincent crude, which typically has a gravity of 19 API with 0.15% sulfur, was recently sold by Woodside…