Norway’s new Johan Sverdrup crude grade draws strong interest from Asian buyers

Norway’s newest grade of North Sea crude oil has attracted strong interest from buyers in Asia, Reuters said on November 22. Trade sources and refinery staffers told the agency that Equinor was set to deliver cargoes of Johan Sverdrup oil to India’s Reliance Industries Ltd. (RIL), South Korea’s Hyundai Oilbank Corp., and several independent Chinese refineries over the next few months.

Posted by Jennifer Delay Iacullo

Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.

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