Monday, June 18, 2007

Korea Western Power Scraps Plan to Buy 30,000 Tons of Fuel Oil for July

(Bloomberg) -- Korea Western Power Co., one of the
six generating units of Korea Electric Power Corp., scrapped a
plan to buy 30,000 metric tons of fuel oil for July delivery,
according to its Web site.

Asian benchmark 180-centistoke fuel oil for immediate
delivery in Singapore rose to a record of $366.50 a ton on June
15 because of reduced availability of the ship fuel in Singapore,
the world's largest bunker port.


Read more at Bloomberg Energy News

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