Korea power cut affects crude refiner

An power cut in Ulsan has hit the refining and petrochemical plants of South Korea's largest crude refiner, SK Energy.

This caused shutdowns.

KEPCO said the power supply had been restored after a 10-minute disruption.

"It is chaos," one of the spokesmen said.

Any delays in gasoil cargoes are likely to have some impact as SK Energy is one of the largest exporters of diesel, but the impact may be kept to a minimum as demand is lackluster in Asia with Indonesian imports remaining stable for December and China's domestic diesel demand steady, regional traders said.

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