BP (NYSE:BP) bought two cargoes, each one including 150,000 barrels of gasoil. The gasoil, which has 10 parts per million of sulfur, will be loading from November 11 to November 15.
Cost for the cargo was $2.10 a barrel premium against prices of gasoil with 0.5 percent sulfur.
BP acquired one cargo from ConocoPhillips (NYSE:COP) and the other from Trafigura Beheer BV.
After oil prices rose this week, the Asian gasoil crack, which is how the processing profit is measured when converting Dubai crude into fuel, dropped.
Showing posts with label Gasoil. Show all posts
Showing posts with label Gasoil. Show all posts
Friday, October 22, 2010
Friday, September 17, 2010
BP (NYSE:BP) Acquires More Singapore Cargo
BP (NYSE:BP) has been to single largest buyer of ultra-low sulfur grade in Singapore in 2010, and they've reportedly acquired another cargo today.
The oil giant bought 150,000 barrels of gasoil from Vitol Group, which contained 10 parts per million of sulfur, or 0.001 percent, according to traders.
BP paid $1.60 a barrel over quoted prices for the 0.5 percent sulfur grade as well. They paid that same amount in a deal on Thursday.
The total acquisition by BP in 2010 has been 7.06 million barrels, with 470,000 already in September.
The oil giant bought 150,000 barrels of gasoil from Vitol Group, which contained 10 parts per million of sulfur, or 0.001 percent, according to traders.
BP paid $1.60 a barrel over quoted prices for the 0.5 percent sulfur grade as well. They paid that same amount in a deal on Thursday.
The total acquisition by BP in 2010 has been 7.06 million barrels, with 470,000 already in September.
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