Japan’s Fuji Oil buys 750,000 bbls Sept Murban crude at wider discounts

Japanese refiner Fuji Oil bought 750,000 barrels of Murban crude for loading in September at 35-40 cents a barrel below its official selling price (OSP), wider discounts than the previous month, trade sources said.

Ample supplies of light crude in Asia depressed the spot differential for Murban, the sources said.

The refiner bought less Murban crude this month because of high inventories and as it continues to lift Iranian crude in September, one of the sources said.

Last month, Fuji Oil bought 1 million barrels of Murban at 21-22 cents a barrel below its OSP for August loading.
Source: Reuters (Reporting by Florence Tan; Editing by Sunil Nair)