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Japan’s Fuji Oil buys Aug Banoco Arab Medium crude at small discount – sources

Tuesday, 18 June 2019 | 12:00

Japanese refiner Fuji Oil has bought an August-loading cargo of Banoco Arab Medium crude at a small discount to the grade’s official selling price (OSP) via a tender, several trade sources said.

The grade was last traded at premiums of 20-30 cents a barrel to its OSP for July-loading cargoes.

Fuji Oil is also seeking Upper Zakum crude via a tender to be awarded later on Monday, one of the sources said.
Source: Reuters (Reporting by Florence Tan)

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