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Reuters ahead on Indonesia skipping oil tender for the first time

Reuters ahead on Indonesia skipping oil tender for the first time

Reuters was ahead of its major competitors on Oct 8 by nearly an hour in reporting that Indonesia could skip a monthly spot tender to import sweet crude for the first time this year because of swollen inventories and weak domestic demand. The absence of buyer Pertamina added downward pressure on the market, causing price differentials to slump. Platts used the Reuters story an hour later.

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