LogIn LogOut

Petronas sells Bunga Kekwa crude at higher premium

November 1, 2019

© Ilona / Adobe Stock
© Ilona / Adobe Stock

Malaysia's Petroliam Nasional Bhd, or Petronas, has sold one cargo of December-loading Bunga Kekwa crude at a premium of around $6.50 a barrel to dated Brent via a spot tender, two trade sources said on Friday.

The buyer was a trader, but the cargo will likely go to a Thai refinery.

The cargo was offered to load over Dec. 23-29.

Spot premiums for December-loading regional crude cargoes have shot up as Asian buyers snapped up short-haul supplies after freight rates jumped.

Prior to this, Vietnam's PV Oil sold one cargo of October-loading Bunga Kekwa crude at a premium of close to $4 a barrel to dated Brent.

(Reporting By Shu Zhang; Editing by Shounak Dasgupta)

Categories: Oil


Current News

Pacific Radiance Eyeing New Loan Source

Pacific Radiance Eyeing New Loan Source

GlobalData: Gas to Dominate 2020 O&G FIDs

GlobalData: Gas to Dominate 2020 O&G FIDs

Permanent Deals for Monadelphous' Ichthys Workers

Permanent Deals for Monadelphous' Ichthys Workers

Bumi Armada Loses Woodside FPSO Case

Bumi Armada Loses Woodside FPSO Case

Chevron to Ditch Indonesian Deepwater Development Stake?

Chevron to Ditch Indonesian Deepwater Development Stake?

Keppel O&M Turns Profitable in 2019

Keppel O&M Turns Profitable in 2019

Aramco Sells LNG Cargo to S-Oil

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week