Formosa Petrochemical Corp (6505.TW)
SINGAPORE Some oil traders in Asia are looking to snap up crude cargoes from the United States after Hurricane Harvey closed U.S. refineries, denting local demand and pushing out the price spread between U.S and Atlantic Basin crude benchmarks.
* But Asia traders may wait for U.S. spot prices to ease further (Adds comments from Goldman Sachs in paragraphs 13-14)
* But Asia traders may wait for US spot prices to ease further
SINGAPORE, July 14 Taiwan's Formosa Petrochemical Corp this week bought about 60,000 tonnes of naphtha using a pricing formula uncommon in the region, two people familiar with the matter said on Friday.