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LSGOLate Stage Growth Obesity
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Summary: Low sulphur gas oil keeps rising, Kuwait tenders to sell.
Kuwait Petroleum Company (KPC) was looking to sell 40,000 tonnes of low sulphur gas oil, also known as 500 ppm, traders said.
East African countries such as Mozambique, Kenya and Tanzania were the main buyers of low sulphur gas oil. But traders said 500 ppm was becoming more popular across the Middle East as well.
Low sulphur gas oil premiums in the Middle East held firm on the back of strong demand from East Africa, while gasoline and naphtha looked supported on persistently tight supplies, traders said.
They add that the company is seeking low sulphur gas oil, also known as 500 ppm for the first time in its gas oil purchases.