World News
PetroChina to Buy 2 Million Barrels of Venezuelan Fuel Oil
Tuesday March 12, 2013
Petroleos de Venezuela S.A. (PDVSA) is to supply PetroChina with 2 million barrels of 3 percent maximum sulfur content fuel oil, a person said to have knowledge of the transaction has told Bloomberg News.
PDVSA awarded the spot tender on March 8, 2013, 2 days after the original March 6 deadline.
It will load the fuel oil from Bonaire port from March 30, 2013 to April 1, according to the tender document obtained by Bloomberg.
In January PetroChina-TAFO was named as one of five bonded bunker traders on the list of China's top ten fuel oil importers in 2012.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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