Tight supply boosts May-loading regional sweet crude sentiment
Regional sweet crude cash premiums for May-loading barrels are expected to rise month on month in March because of tight regional supply, strong demand, strengthening middle distillate cracks and a steep backwardation, traders told S&P Global Commodity Insights March 15. Trade sources, including some buyers, were bullish about the May trading cycle, with a plethora of tender results expected to…