10JUN2019 - NEWS - South Korea to extend sweet crude shopping spree in Kazakhstan ahead of IMO 2020

South Korean refiners will likely extend their low sulfur crude buying spree in Kazakhstan, despite the recent surge in sweet crude benchmark Brent’s premium to Dubai prices, to ensure their sweet crude supply is adequate in the leadup to tighter international marine fuel sulfur limits that kick in next January 1.

Global sweet crude premiums have been trending higher ahead of the stricter marine fuel standards being imposed by the International Maritime Organization in 2020 that will require increased consumption of lower sulfur refinery feedstocks.

Published by Editor - www.Livebunkers.com at 10-Jun-2019 03:48:46 [UTC] , contact editor at editor@livebunkers.com