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TAPIS trades at premium as fears keep oil prices high

NERVOUSNESS about supply disruption and uncertainty in key oil-producing countries kept oil prices high this week with Singapore’s TAPIS benchmark crude – the marker for the Asia-Pacific region – trading at a significant premium to New York’s WTI and London’s Brent benchmarks (see table).

Steve Rotherham
TAPIS trades at premium as fears keep oil prices high

Credit Suisse said in a recent research note that it expected a TAPIS premium to persist throughout 2006 as Asian demand is expected to grow faster than US and European demand. In Nigeria, Chevron has...

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