Korea East-West Power acquires fuel oil from Mitsui

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Korea East-West Power acquires fuel oil from Mitsui

Korea East-West Power bought a total of 100,000 metric tons of fuel oil for August delivery from Mitsui & Co., said an official from the utility who asked not to be identified because the information isn’t public. The transaction was at $4.44 a ton more than Singapore benchmark prices, according to the official. That’s higher than a $1.80 premium the company paid to Vitol Group for a similar cargo for July. Bloomberg

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