Arab Today, arab today south korean major refiner eyes dubai crude at 6570 in 2015
Last Updated : GMT 21:53:08
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South Korean major refiner eyes Dubai crude at $65-70 in 2015

Arab Today, arab today

Arab Today, arab today South Korean major refiner eyes Dubai crude at $65-70 in 2015

Dubai crude
Seoul - Yonhap

South Korea's major refineries expected the prices of Dubai crude oil to hover around US$65 to $70 this year as the free fall in global oil prices will likely be eased by a slowdown in the U.S. shale gas supply, industry sources said Thursday.
Out of the four market leading companies of SK Energy Co., GS Caltex Corp., S-Oil Corp. and Hyundai Oilbank Co., three refineries forecast that the Dubai crude will rebound to $65 or $70 on average throughout 2015 from $53 on Dec. 30, 2014, according to the sources.

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