Gulf Oil and Gas accountACCOUNT

Bapco Seals 2015 Gasoil, Jet Fuel at Lower Premiums

Source: Reuters 11/25/2014, Location: Middle East

Bahrain Petroleum Co ( Bapco ) has sealed its 2015 gasoil and jet fuel term deals at lower premiums than the current year, industry sources said.

Term premiums were set lower as buyers expected reduced import demand from Saudi Arabia and more supply from the Middle East due to new refining capacity, the sources said.

Bapco set the 500ppm sulphur gasoil term prices for 2015 at a premium of $1.45 a barrel above Middle East quotes, down from this year's $2.50 a barrel level, they said.

It also set its jet premium for 2015 at $1.85 a barrel to Middle East quotes, down from this year's $2.15 a barrel premium.

Buyers include BB Energy, Oman Trading International and Vitol, they said.

Jet fuel News in Bahrain >>

Qatar >>  11/27/2019 - Qatar Petroleum has announced the completed fabrication of the first two jackets required for offshore facilities as part of its North Field Expansion...
United Arab Emirates >>  11/20/2019 - The Abu Dhabi National Oil Company (ADNOC) selected Honeywell's (HON) asset monitoring and predictive analytics solution to drive improved asset and m...

Saudi Arabia >>  11/13/2019 - Sadara Chemical Company (Sadara) and Baker Hughes have signed agreements through which Sadara will supply feedstock chemicals to a Baker Hughes chemic...
Kuwait >>  11/12/2019 - Honeywell (HON) announced that Kuwait Integrated Petroleum Industries Company (KIPIC) has selected Honeywell Process Solutions (HPS) to be the main au...

United Arab Emirates >>  11/12/2019 - ADNOC LNG has concluded supply agreements with subsidiaries of BP and TOTAL, effectively booking out the majority of its LNG production through Q1 202...
United Arab Emirates >>  11/11/2019 - Penspen has been awarded a prestigious Project Management Consultancy (PMC) framework agreement from the Abu Dhabi National Oil Company (ADNOC). The f...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Bahrain Oil & Gas 1 >>  2 |

More News

Related Links

Gulf Oil and Gas
Copyright 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.