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According to an informed dealer, a South Korean refiner purchased a total of about 2 million barrels of US West Texas light crude oil and Midland crude oil, which arrived in April, at a premium of 3.50 to 4 US dollars/barrel over the Dubai benchmark price. In addition, Japanese refiner Sun Oil also purchased US West Texas light crude oil delivered in the same month, at a premium of 4 to 4.50 US dollars/barrel over the Dubai benchmark price. Note: Earlier this week, a Korean refiner purchased U.S. crude oil for April delivery.

Zhitongcaijing·01/08/2026 04:25:03
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According to an informed dealer, a South Korean refiner purchased a total of about 2 million barrels of US West Texas light crude oil and Midland crude oil, which arrived in April, at a premium of 3.50 to 4 US dollars/barrel over the Dubai benchmark price. In addition, Japanese refiner Sun Oil also purchased US West Texas light crude oil delivered in the same month, at a premium of 4 to 4.50 US dollars/barrel over the Dubai benchmark price. Note: Earlier this week, a Korean refiner purchased U.S. crude oil for April delivery.