Source: S&P Global Platts RADAR, March 28, 2019
Trey Cowan, Senior Analyst, S&P Global Platts
SK Innovation Co. and Hyundai Oilbank Co., two South Korean refiners, were recently highlighted by Bloomberg as rejecting crude cargoes that originated from the Eagle Ford due to contamination.
In light of the US trend towards greater crude exports, these concerns surrounding oxygenates and problematic metals (like arsenic), any future uncertainty around US oil quality in export cargoes could lead to discounted prices relative to other barrels that do not have these issues.
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This is article is from S&P Global Platts RADAR, March 28, 2019 issue.
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