BLBG:Petronas Said to Sell Crude Oil for December to Shell, Chevron
Petroliam Nasional Bhd., Malaysia’s state oil company, sold Tapis and Labuan crude for loading in December to Chevron Corp. and Royal Dutch Shell Plc, said three traders who asked not to be identified, because they are not authorized to comment to the matter.
Details of the sale are as follows:
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Crude: Tapis (Malaysia)
Quantity: 300,000 barrels
Loading: Dec. 1 to Dec. 15
Buyer: Chevron
Price: Premium of about $6 a barrel to Dated Brent.
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Crude: Labuan (Malaysia)
Quantity: 600,000 barrels
Loading: Dec. 15 to Dec. 21
Buyer: Shell
Price: Premium of about $7 a barrel to Dated Brent.
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To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net
To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net
