News
24 July 2024

North Sea crude prices reflect muted demand

In:
Oil & gas

A cargo of North Sea crude oil last week fetched up to $4 below the spot price in a sign that oil demand remains muted. According to traders familiar with the matter, the South Korean oil refiner GS Caltex Corp purchased a supertanker of Forties at the last minute for a strong discount. Purchases...

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