South Korea opts for US crude over Gulf barrels, but FTA with UAE could be game changer

Capt. John

High Persian Gulf-Asia tanker insurance fees and a narrow Brent-Dubai price spread continued to lure South Korean refiners to US crude, but a free trade agreement could make oil shipments from the UAE cheaper going forward and challenge the status quo, refinery and trade sources said over May...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/053024-south-korea-opts-for-us-crude-over-gulf-barrels-but-fta-with-uae-could-be-game-changer

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