Tapis crude

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For other uses, see Tapis.

Tapis crude is a Malaysian crude oil used as a pricing benchmark in Singapore. While it is not traded on a market like Brent Crude or West Texas Intermediate, it is often used as an oil marker for Asia and Australia.[1] The price of Tapis in Singapore is commonly considerably higher than the price of crude oil commonly referred to in the market commentary heard on radio or television.

References[edit]

  1. ^ Australian Crude Oil Requirements, Australian Institute of Petroleum.