Just read a article on cnbc(?) yesterday. It said that the crude oil from CB sold in Asian market for US$69 atm, a few dollar premium to brent. That explains why STO had a realised poo of $57 in Q1 when the peak poo in that period was only $57.
The poo upward trending looks very strong to me, surely based on fundamentals. The demand has increased by more than 3mbpd since 2015, but the supply is nearly flat. With poo between 55 - 65 (brent), STO should be trading between 6 - 8.
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