According to traders familiar with the deal, Asian refiners have already purchased large quantities of US crude oil that was shipped in October. Halfway through this month, seats for 18 to 20 oversized tankers have already been booked. The total procurement volume this time is about 36 million to 40 million barrels. Buyers include refiners from Japan, South Korea, Singapore and other parts of Southeast Asia. Up to now, the largest U.S. crude oil purchasers include Cosmo Oil, Idemitsu Kosan, and SK Energy. The CIF price of US crude oil shipped to Asia continues to rise. The price of goods shipped this October is about 30 US dollars/barrel at a premium of about 30 US dollars/barrel compared to the Dubai benchmark oil price. Note: US crude oil shipped via oversized tankers in October usually arrives in Asia around December.

According to traders familiar with the deal, Asian refiners have already purchased large quantities of US crude oil that was shipped in October. Halfway through this month, seats for 18 to 20 oversized tankers have already been booked. The total procurement volume this time is about 36 million to 40 million barrels. Buyers include refiners from Japan, South Korea, Singapore and other parts of Southeast Asia. Up to now, the largest U.S. crude oil purchasers include Cosmo Oil, Idemitsu Kosan, and SK Energy. The CIF price of US crude oil shipped to Asia continues to rise. The price of goods shipped this October is about 30 US dollars/barrel at a premium of about 30 US dollars/barrel compared to the Dubai benchmark oil price. Note: US crude oil shipped via oversized tankers in October usually arrives in Asia around December.