Taiwan’s CPC buys 1.5mln bbls Upper Zakum crude via tender -sources
Taiwanese refiner CPC Corp has bought 1.5 million barrels of Upper Zakum crude for November loading via a tender, trade sources said.
The cargoes were purchased at premiums of between 10 and 20 cents per barrel to its official selling price (OSP), they said.
CPC, which did not buy any spot sour crude last month, stepped up its purchases after ADNOC cut term supplies sharply in October and November, traders said.
Source: Reuters (Reporting by Florence Tan; editing by Jason Neely)