PV Oil Co., Vietnam’s state-owned oil-marketing company, sold a cargo of Rang Dong crude to Petroleo Brasileiro SA (PETR4), known as Petrobras, at a premium of between $3.10 and $3.20 above benchmark Minas oil prices, according to two traders who participate in the market, declining to be identified because the information is confidential.
Details of the deal are as follows:
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Crude: Rang Dong (Vietnam)
Price: Premium of about $3.10-$3.20 to APPI/Platts Minas
Loading: May 21 to May 29
Quantity: 250,000 barrels
Buyer: Petrobras
Bloomberg.com
