Asia delivered Brazilian crude flows to South Korea as China demand takes backseat
Fresh demand from South Korea could keep the market sentiment for October-delivery barrels of Brazilian crudes buoyed, even as the grades’ cash differentials could face some headwinds as China-based end-users pivot toward competitive Russian crudes, trade sources told S&P Global Commodity Insights July 21. Tupi crude, which typically is the most favored Brazilian grade by Chinese independent refiners, have taken…