Bloomberg News

Exxon Mobil Said to Sell Fuel Oil Shipment to Bakri From Yanbu

July 18, 2012

Exxon Mobil Corp. (XOM:US) sold an 80,000 metric-ton fuel-oil cargo to Bakri International Energy loading from Yanbu in Saudi Arabia, according to two people with knowledge of the transaction.

The cargo was sold at a discount of about $19 to $20 a ton below Singapore prices, according to the people who asked not to be identified because the information is confidential.

Details of the transaction are as follow:

---------------------------------------------------------------
Quantity:       80,000 tons
Price:          About $19 to $20 a ton discount to Singapore
                prices
Centistoke:     650 to 700
Loading time:   July 31 to Aug 2
Loading port:   Yanbu
----------------------------------------------------------------

The oil’s centistoke rating is a measure of its viscosity, or flow rate, when heated.

To contact the reporters on this story: Winnie Zhu in Singapore at wzhu4@bloomberg.net; Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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Companies Mentioned

  • XOM
    (Exxon Mobil Corp)
    • $92.86 USD
    • -1.19
    • -1.28%
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