World News
PetroChina Inks Venezuela Fuel Oil Deal
Under a new contract, PetroChina will buy 100,000 barrels per day (bpd) of fuel oil from Venezuelan energy firm Petróleos de Venezuela, S.A. (PDVSA) for the next three years, Chinese shipping news site SinoShip News reports.
PetroChina President Wang Dong said the contract will strengthen the company's oil and gas operations in the Americas and expand its ability to participate in international markets.
Wang said PetroChina's oil trading volume with Venezuela will reach 790,000 bpd in 2014.
PetroChina has been working to expand its Petrochina International America Inc. business, growing the company's activities in the U.S., Canada, and Latin America which involve a daily trade volume of about 1.5 million bpd of petroleum products, China Daily reported in November.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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