Vietnam’s PV Oil said to sell Ruby, Chim Sao crude shipments
PV Oil Co., Vietnam’s state-owned oil-marketing company, is said to have sold 1 million barrels of Ruby and Chim Sao crude in four cargoes to BP (BP/) Plc, Royal Dutch Shell Plc (RDSA), Chevron and Petroleo Brasileiro SA, said four traders who participate in the market, declining to be identified because the information is confidential.
Petroleo Brasileiro, or Petrobras (PETR4), and Chevron both bought Ruby for loading in March at a premium of $6 a barrel to benchmark Minas prices, the traders said. BP and Shell (RDSA) each bought Chim Sao for February at premiums of as much as $7.80 a barrel to Dated Brent, they said.
Details of the sales are as follows:
--------------------------------------------------------------- Crude: Ruby (Vietnam) Loading: March 5-11, March 18-24 Quantity: 250,000 barrels x 2 cargoes Buyers: Petrobras (March 5-11), Chevron (March 18-24) Price: Premium of around $6 a barrel to Platts/APPI Minas. --------------------------------------------------------------- Crude: Chim Sao (Vietnam) Loading: Feb. 17-21, Feb. 25-29 Quantity: 250,000 barrels x 2 cargoes Buyers: BP, Shell Price: Premium of around $7.30-$7.80 a barrel to Dated Brent. ---------------------------------------------------------------
Bloomberg
Posted by VBN on Jan 18 2012. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
Gold price