Asia’s Appetite For U.S. Sour Crude Grows Amid Falling Prices

Refiners in Asia are looking to buy more U.S. sour crude as the Mars grade’s premiums over the Dubai benchmark fell to a two-week low, traders told Reuters on Tuesday.   The higher interest in U.S. sour crudes, especially Mars and Southern Green Canyon, means that American grades could be displacing some volumes of the popular sour grades from the Middle East, such as Oman’s, Upper Zakum from the UAE, or Basrah Heavy from Iraq, according to traders. Currently, the Mars grade for delivery in northern Asia in November and December…