China teapots make rare murban oil purchases for quick delivery

Cross Barrel Crude Distillate Freight Fuel Oil Gasoline Jet Naphtha

Analyst briefs Chart packs Deep dives Events Opinions Podcasts Press Webinars Whitepapers

Published09 MAY 25 - 15:36 Reading time minutes

“Straight-run fuel oil is simply not an economic feedstock currently,” said June Goh, a Senior Oil analyst at Sparta.

Bloomberg, May 9, 2025 – Two Chinese teapot refiners bought 1 million barrels each of Abu Dhabi’s Murban crude for June delivery, a rare move driven by costly fuel oil and Middle Eastern supply overhang. June Goh from Sparta Commodities said high fuel oil prices and strong margins prompted refiners to purchase crude to boost run rates for summer demand.

Read the full article here.

Author

Sparta

Rate this article

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Real time alerts, set to your specifications

Continue reading

Asia Gasoline – Pricing Update – 18–22 May

Singapore 92 RON cash differentials rose $1.93/bl w/w to $3.21/bl on 6 May Pertamina, Asia’s...

21 MAY 26 - 10:41

Podcast: The largest stock draw in history. Oil barely moved.

21 MAY 26 - 10:26

Asia Fuel Oil – Pricing Analyst Update – 18-22 May

Cash differentials for Asia 380cst HSFO averaged around $21.22/mt over May 18-20, up from the prior...

21 MAY 26 - 08:19

Despite slight builds in US diesel stocks, the argument remains for a strengthening HOGO

Open diesel and jet arbs from the US with low middle distillate stocks feel unsustainable.

21 MAY 26 - 07:36