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Three main topics:
- Introduction and significance of Castberg crude: A rare standalone field in the Barents Sea, marking a notable expansion in Norway’s oil production.
- Crude quality and market reception: Castberg is slightly heavier but low in sulphur, with high yields of valuable distillates, making it attractive to European refiners.
- Trading logistics and pricing: The grade trades at a premium and is limited to local markets due to shuttle tanker constraints and higher transport costs.
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