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Exxon Mobil Corp
Exxon Mobil Corp. (XOM) 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:
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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
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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