North Asia

Platts North Asia Bunker Daily Commentary

Busan/Ulsan delivered marine fuel 0.5%S flat price averaged $371.85/mt in August, compared to $332.40/mt month-to-date, S&P Global Platts showed.South Korean refiners continued to keep a lid on run rates in view of weak margins across oil products. Industry sources estimate average run rates at around 70-80%.Meanwhile, South Korean refiner S-Oil has sold 50,000-80,000 mt of low sulfur fuel oil cargo to a major oil company

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