Bloomberg News

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

By Winnie Zhu and Pratish Narayanan
July 18, 2012

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:

---------------------------------------------------------------
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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