tapis crude oil

What Is Tapis Crude Oil?

Tapis Crude Oil: Malaysia’s Light Sweet Benchmark Grade Tapis crude oil is a light, sweet Malaysian grade produced offshore the east coast of Peninsular Malaysia. It has long been valued in Asia for its quality and has historically traded at a premium to heavier or sourer grades. Tapis crude oil was historically used as a regional pricing reference for light sweet crude in the Asia-Pacific. While its benchmark role has diminished as pricing systems in Malaysia changed — P...
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