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Mitsubishi pays record premium for Vietnam oil for power generation – sources

Wednesday, 20 July 2022 | 20:00

Mitsubishi Corp. bought a cargo of Vietnamese crude for loading in September on behalf of Japanese utilities at a record premium for the grade, trade sources said on Wednesday.

The Japanese trader paid a premium of just above $20 a barrel to dated Brent for the 300,000-barrel cargo of Vietnamese Chim Sao crude, they said.
Source: Reuters (Reporting by Florence Tan, Editing by Louise Heavens)

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