South Korean refiners conclude 2018 gasoil, jet fuel term contracts

SINGAPORE (Reuters) — South Korean refiners Hyundai Oilbank and GS Caltex have concluded their 2018 term contracts to sell gasoil and jet fuel, traders said on Thursday.

Hyundai finalized its 10 parts per million (ppm) sulfur gasoil contracts at a discount of 10 to 20 cents a barrel to Singapore 10 ppm sulfur gasoil quotes, they said.

GS Caltex finalized its 500-ppm sulfur gasoil for next year at a discount of 60 cents a barrel to Singapore 10 ppm sulfur gasoil quotes and its jet fuel at a discount of 15 cents a barrel to Singapore quotes, they added.

Both companies were not available for comment outside business hours.

Reporting by Jessica Jaganathan; Editing by Manolo Serapio Jr.

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