South Korean bunker supply tightens, premiums rise

摘要

Singapore-Bunker supply in South Korea has tightened in the second half of November amid refinery run cuts and strong demand. Only S-Oil had supply left for spot customers on Tuesday as the country's three other refiners, GS Caltex, Hyundai Oilbank and SK Energy, are facing supply tightness, industry sources said Tuesday. "We don't have any barrels to sell," said a refining source in Seoul. Even S-Oil could only offer spot fuel only December 5 as it has fully booked prompt deliveries, a company source said.