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| 17 July, 2018

Japan's Fuji Oil buys 750,000 bbls Sept Murban crude at wider discounts

Ample supplies of light crude in Asia depressed the spot differential for Murban

The M Star oil tanker is seen at sea near Fujairah port in the United Arab Emirates July 29, 2010.

The M Star oil tanker is seen at sea near Fujairah port in the United Arab Emirates July 29, 2010.

REUTERS/STR New

SINGAPORE- * Japanese refiner Fuji Oil bought 750,000 barrels of Murban crude for loading in September at 35-40 cents a barrel below its official selling price (OSP), wider discounts than the previous month, trade sources said on Tuesday

* Ample supplies of light crude in Asia depressed the spot differential for Murban, the sources said

* The refiner bought less Murban crude this month because of high inventories and as it continues to lift Iranian crude in September, one of the sources said

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* Last month, Fuji Oil bought 1 million barrels of Murban at 21-22 cents a barrel below its OSP for August loading

(Reporting by Florence Tan; Editing by Sunil Nair) ((Florence.Tan@thomsonreuters.com; +65 6870 3497; Reuters Messaging: florence.tan.thomsonreuters.com@reuters.net))