Economics
Sudan issues new tender for Dar Blend crude
October 14, 2008 (TOKYO) – Sudan issued a new tender to sell 2 million barrels of the acidic Dar Blend crude for November delivery according to a trader who spoke to Reuters.
It is not clear what the average bid for the offer would be but the last tender was sold for $23 a barrel.
The Dar blend acidic nature makes it unattractive to most refiners hence the steep discount as compared to average world prices of oil.
(ST)