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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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First U.S. crude cargo offered on Platts MOC for Asian buyers -sources

Tue, 20th Aug 2019 08:58

SINGAPORE, Aug 20 (Reuters) -

* Oil major Royal Dutch Shell offered a West TexasIntermediate (WTI) Midland crude cargo for delivery over Oct.15-25 at Singapore/Linggi/Nipah on a delivery ex-ship (DES)basis in Platts Market-On-Close (MOC) price assessment processlate on Monday, several traders said on Tuesday

* It was the first time a U.S. crude cargo was offeredduring thePlatts MOC for Asia, although there was no buying interest forthe cargo during the session, the traders said

* The 1 million-barrel crude cargo was offered to be shippedbyoil tanker Mt Phoenix Jamnagar(Reporting By Shu Zhang and Florence Tan; Editing by Tom Hogue)

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