All
 

 

Just in:  

You are here: Home»Markets»Energy»Asia»India Reliance sells 2013 gasoil, jet fuel at high premiums

relianceqwSINGAPORE: India's Reliance Industries has finalised its 2013 term contracts to supply gasoil and jet fuel to several buyers and is negotiating with a few more, all at levels higher than those of most other refiners, industry sources said.

 

It has completed a 500 ppm sulphur gasoil contact with at least one buyer at premiums close to $2.70 a barrel to the new benchmark Middle East quotes and a 10 ppm sulphur diesel contract at premiums of about $4.30 to $4.50 a barrel, the sources said on Wednesday.

 

The gasoil cargoes will be priced off the 500 ppm sulphur gasoil quotes instead of the current 5,000 ppm, in line with a shift in benchmark by pricing agency Platts, which comes into effect in January.

 

For jet fuel, the Indian refiner has concluded its 2013 term contracts at premiums of about $2.40 to $2.50 a barrel, the sources said.

 

Center>Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 17,817.90 0.04
Arrow Nasdaq 4,754.89 0.29
Arrow S&P 2,069.41 0.29
Arrow FTSE 6,729.79 0.31
Arrow DAX 9,785.54 0.54
Arrow CAC-40 4,368.44 0.49
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,893.14 1.95
Arrow Sensex 28,499.54 0.58






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln