Wednesday, May 02, 2012

Tasweeq sells May loading naphtha cargo at steep premiums

Qatar's Tasweeq sold 20,000 tons of full-range naphtha for May 21-22 loading to PetroChina at steep premiums of US$40/ton to Middle East quotes on a free-on-board (FOB) basis, as per Reuters. It is poossible that the cargo gets co-loaded with other naphtha held by PetroChina to help maximise freight costs.

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