Pertamina buys Australia’s NWS condensate at wide discount of $8/barrel – sources

Pertamina buys Australia’s NWS condensate at wide discount of $8/barrel – sources
KAI GIA BUNKERPORTS
Indonesia’s state oil and gas company PT Pertamina has bought a cargo of Australian North West Shelf (NWS) condensate at a deep discount of $8 a barrel on a cost-and-freight (CFR) basis, three trade sources told Reuters.

That was equivalent to a spot discount of $10 a barrel on a free-on-board (FOB) basis, the sources said, likely the widest discount in years. The cargo, due to arrive in early June, was sold by ExxonMobil, two of the sources said.

Companies do not typically comment on such commercial matters.
Source: Reuters (Reporting By Shu Zhang; Editing by Edmund Blair)