South Korea's Fuel Oil Exports May Fall 36 Percent in July, Officials Say

(Bloomberg) -- South Korea's fuel-oil exports may
fall 36 percent in July from the previous month as demand from
domestic utilities increases and refiners lose orders to
Venezuelan and Iranian rivals, refinery officials said.

GS-Caltex Corp., S-Oil Corp. and Hyundai Oilbank Co. may
export no more than 225,000 metric tons of high-sulfur fuel oil
in July, down from about 350,000 tons in June, according to four
refinery officials, who asked not to be identified because of
company policies. Almost all July cargoes may be shipped to China,
they said.


Read more at Bloomberg Energy News