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S Korea imports no Iran crude oil for July -customs | Hellenic Shipping News Worldwide

S Korea imports no Iran crude oil for July -customs | Hellenic Shipping News Worldwide
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Asian refiners see jet fuel as most profitable product post pandemic | Hellenic Shipping News Worldwide

Major Asian refiners are cautiously optimistic jet fuel sales would significantly boost their profit margins from the first quarter of 2022 as the companies broadly expect international flight routes to rapidly open up from February next year, anticipating over half of East Asia’s population to be vaccinated by then. Refiners across Northeast and Southeast Asia .

Lubricants behind local refineries profitability

South Korea could favor US crude over Saudi Arabian in H2 amid rising Aramco OSPs

South Korean refiners have paid at least $1/b less for US crude oil than Saudi Arabian grades in the first half of 2021, prompting feedstock trading and procurement managers to strongly favor North American barrels for the next several trading cycles, after taking into consideration the uptrend in Saudi Aramco official selling prices and slower-than-expected .

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