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Global Oil Markets Podcasts

North Sea-Korean Forties arb volumes to hold up despite new freight rebate rules

November 12, 2015 (5:01 mins)



Traders expect the winding down of freight rebates offered by the South Korean government to domestic refiners that import non-Middle Eastern crude to have minimal impact on North Sea oil exports to Asia next year. Platts editors Benno Spencer, Erduan Reid and John Morley discuss the potential implications of the new rules on the crude and shipping sectors.


The following Platts price assessments were discussed in this podcast:
Price Date
Dated Brent differential -$0.79/b 11/11/2015
Forties differential -$0.79/b 11/11/2015
Forties outright price $44.69/b 11/11/2015
UKC-East VLCC route 6.3 UST 11/11/2015



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