Tapis crude

Tapis crude is a Malaysian crude oil used as a pricing benchmark in Singapore. Tapis's was biggest oil liquids import of Singapore. Tapis is very light with an API gravity of 43°-45° and very sweet with only about 0.04% sulfur. While it is not traded on a market like Brent Crude or West Texas Intermediate (WTI), it is often used as an oil marker for Asia and Australia.