Japan's ENEOS sets wholesale pricing to reflect broader crude procurement costs

Japan’s largest refiner, ENEOS, has introduced a new pricing mechanism for its wholesale oil products, effective April 16, to better reflect broader crude procurement costs, the company said in a letter to its customers. The letter, seen by Platts, part of S&P Global Energy, showed that the refiner revises its weekly wholesale prices to pass through spot/term contract procurement costs on a changeJapan’s largest refiner, ENEOS, has introduced a new pricing mechanism for its wholesale oil products, effective April 16, to better reflect broader crude procurement costs, the company said in a letter to its customers. The letter, seen by Platts, part of S&P Global Energy, showed that the refiner revises its weekly wholesale prices to pass through spot/term contract procurement costs on a changeRead More