Vietnam’s PV Oil Said to Sell May Ruby Crude to Petrobras
Sunday, 18 March 2012 | 00:00
PV Oil Co., Vietnam’s state-owned oil-marketing company, is said to have sold two 250,000-barrel cargoes of Ruby crude for May
loading at premiums of as much as $2.80 for one shipment and $4.80 for the second, said three traders who declined to be identified because the information is confidential.
Brazil’s Petroleo Brasileiro SA, or Petrobras (PETR4), bought one cargo, according to two of the traders. The other cargo was sold to an unconfirmed buyer.
Crude: Ruby (Vietnam)
Price: Premium of $2.50 to $2.80 for May 3-9 cargo
Premium of $4.50 to $4.80 for May 18-24 cargo
Buyers: Petrobras, unconfirmed buyer
Quantity: 2 x 250,000 barrels
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