Johan sverdrup piques asian interest

摘要

Crude from Norway’s new giant Johan Sverdrup feld looks likely to fnd willing buyers in Asia-Pacifc, and potentially regular ones too. The feld’s frst cargo is scheduled to load on 25 October, and fxtures have emerged suggesting that Asia-Pacifc refners already like the look of the medium sour grade. Market participants say two shipments have already been sold to China’s Unipec at $0.50-1.50/bl discounts to benchmark North Sea Dated, al- though this has not been confrmed. Values could rise closer to the benchmark as the grade becomes more established in the market.