Aramco sells straight-run oil lots on outage
Singapore, April 23, 2009
Saudi Aramco has sold four cargoes of straight-run A960 fuel oil for May loading from its Ras Tanura refinery, as the restart of its hydrocracker is delayed further, industry sources said.
This brings the total number of A960 cargoes offered to 11, since the hydrocracker suffered an outage in early March.
A US trading firm bought one cargo, Japan's Itochu took two lots, and France's Total purchased the fourth parcel.
The prices for the cargoes ranged from a premium of $2 to $4 a ton to Singapore spot quotes on a free-on-board (FOB) basis, traders said.
Industry sources had previously said that the 44,000 barrels per day hydrocracker could restart around mid-May. – Reuters
More Energy, Oil & Gas Stories
- Egypt will get oil aid from Arab states
- New technology for Bahrain's gas industry to save $300m
- Innovations key focus at Geoscience expo
- Iran seals gas export deal with Oman
- Total unit inks Elf Lubricants agreement
- Opec raises forecast for 2014 global oil demand
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director