Japan And South Korea Secure Atlantic Crude As Winter Approaches

Japanese and South Korean buyers will snap up Atlantic crude oil cargoes in the coming months, ahead of an expected demand boom in the winter, according to a new report from Reuters. Oil loadings from Europe and the Americas stagnated in June after an increase in shipments in March and May. Analysts say July could be a prosperous month for the North Sea Forties grade, as well as American crudes, as Asian players become more active. Japan’s JXTG and Cosmo Energy bought U.S. cargoes that are due to arrive in September, according to trade sources.…
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