Asia's crude oil imports from Canada's newly expanded Trans Mountain pipeline will rise in September as major refiners in Japan and South Korea and a...
SINGAPORE - Asia's crude oil imports from Canada 's newly expanded Trans Mountain pipeline will rise in September as major refiners in Japan and South Korea and a refinery in Brunei have bought their first cargoes alongside China , multiple trade sources said.
The cargoes, of 550,000 barrels each, to be delivered in September were sold at discounts of between $5 and $6 a barrel to ICE Brent, they added. Most North Asia refiners prefer Cold Lake as AWB is more acidic, which could cause corrosion in plants, traders said. Cold Lake is about $10 per barrel cheaper than Iraq's Basra Heavy for deliveries to China, she added.
India has yet to purchase more Canadian crude due to abundant Russian supplies, traders said, after Reliance Industries bought its first TMX cargo from Shell for July delivery. A Black man has filed an employment discrimination lawsuit against a hotel in Detroit, Michigan, alleging the hotel only offered him a job interview after he changed the name on his resume, according to a copy of the lawsuit obtained by CNN.When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66 million people basked in the limelight and won praise for its industrial vision.
Refiners Cold Lake Eastern China China Crude Exports Canada Rongsheng Petrochemical
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