Monday, 24 February 2020 | 06:32
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China’s Rongsheng buys March Upper Zakum, Oman crude -sources

Thursday, 16 January 2020 | 16:00

Rongsheng Petrochemical has bought 2 million barrels of Oman crude and 1 million barrels of Upper Zakum crude for loading in March via a spot tender, two trade sources said.

The Oman crude was bought at a premium of above $2.80 a barrel to Dubai quotes.

The Upper Zakum crude was bought at a premium of above $2.40 a barrel to Dubai quotes.

Earlier this month, Indian Oil Corp bought 2 million barrels of March-loading Upper Zakum crude at a premium of around $2.50 a barrel to Dubai quotes from Chinaoil.
Source: Reuters (Reporting By Shu Zhang; Editing by Shailesh Kuber)

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