S.Korean fuel oil exports to China rise, dent shipments from Singapore -sources
(WorldNews South Korea)

Two South Korean refiners are exporting excess cargoes of residual fuel oil to nearby China, displacing some Singaporean sales of the commodity which can be used in ships and power stations, three trade sources said. Scheduled maintenance work at S-Oil Corp`s Onsan plant in September and a fire at GS Caltex`s Yeosu refinery in August has curbed the facilities` capacity to refine residual fuel oil into other products, meaning they have been shipping excess cargoes to China, the sources said. ......