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South Korean refiners conclude 2018 gasoil, jet fuel term contracts

South Korean refiners Hyundai Oilbank and GS Caltex have concluded their 2018 term contracts to sell gasoil and jet fuel, traders said on Thursday.

Hyundai finalised its 10ppm sulphur gasoil contracts at a discount of 10 to 20 cents a barrel to Singapore 10ppm sulphur gasoil quotes, they said.

GS Caltex finalised its 500ppm sulphur gasoil for next year at a discount of 60 cents a barrel to Singapore 10ppm sulphur gasoil quotes and its jet fuel at a discount of 15 cents a barrel to Singapore quotes, they added.

Both companies were not available for comment outside business hours.
Source: Reuters (Reporting by Jessica Jaganathan; Editing by Manolo Serapio Jr.)

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