New Offers in October

BUYSELLCRUDEOIL: NEW OFFERS IN OCTOBER

 AVIATION JET FUEL A1

PRICE: Gross US $42/ Net US $40

QUANTITY: 1 MILLION BARRELS

ORIGIN: Russia

LOADING PORT: FOB ROTTERDAM/HOUSTON/QINGDAO/PRIMORSK
PAYMENT TERMS: T/T/DLC

 ULTRA LOW SULPHUR DIESEL (EN 590)

PRICE: $0.68 GROSS/0.66 NET PER GALLONS

QUANTITY: 30,000MT

ORIGIN: RUSSIA

LOADING PORT: FOB ST. PETERSBURG/PRIMORSK/NOVORROSYSKIY

PAYMENT TERMS: T/T/DLC

LIQUIFIED NATURAL GAS (LNG)

MINIMUM QUANTITY: (50.000 MTs)

MAXIMUM QUANTITY: (500.000 MTs)

PRICE: Gross $280 / Net $270

COMMISSION: 50% Buyer Side /50% Seller Side

LOADING PORT: NOVO/PRIMORSK /VLADIVOSTOK

DELIVERING PORTS

CST-180,380,280 FUEL OIL

MINIMUM QUANTITY 😦 30,000MTs)

MAXIMUM QUANTITY 😦 200,000 MTs)

PRICE: Gross $270 / Net $260

COMMISSION: 50% Buyer Side /50% Seller Side

LOADING PORT: NOVO/PRIMORSK /VLADIVOSTOK

DELIVERING PORTS: Buyer Choice.

GASOLINE, 87, 89, 93

MINIMUM QUANTITY

MAXIMUM QUANTITY

PRICE: Gross $270 / Net $260

COMMISSION: $10, 50% Buyer Side /50% Seller Side

LOADING PORT: NOVO/PRIMORSK /VLADIVOSTOK

DELIVERING PORTS: Buyer Choice.

 PETROLEUM COKE (PET COKE)
MINIMUM QUANTITY: 30,000 MT
MAXIMUM QUANTITY: 100,000 MT
PRICE: GROSS $360/ $350 PER MT
LOADING PORT: NOVO/PRIMORSK /VLADIVOSTOK

Author: ANDREAS HADJOUDES

adfplan@gmail.com

Aramco says IPO on track after report it is preparing for possible delay

CNBC

  • Bloomberg previously reported Saudi Aramco was preparing contingency plans for a possible delay to its planned initial public offering
  • The oil company said Thursday that its planned IPO is still set to go ahead
  • New York and London are seen as leading contenders as venue for the listing

Marwan Naamani | AFP | Getty Images

Saudi Aramco’s planned initial public offering remains on track, the company said on Thursday, after Bloomberg reported that the oil company is preparing contingency plans for a possible delay by a few months into 2019.

Saudi authorities are aiming to list up to 5 percent of the world’s largest oil producer on both the Saudi stock exchange in Riyadh, the Tadawul, and one or more international markets in an IPO that could raise $100 billion.

“The initial public offering of a stake in Saudi Aramco remains on track,” said Aramco in an email.

“The IPO process is well under way and Saudi Aramco remains focused on ensuring that all International Public Offering related work is completed to the very highest standards on time.”

Bloomberg reported on Wednesday the Saudi government is still aiming for the IPO of the state-owned oil giant in the second half of 2018, but that the timetable is getting increasingly tight for what is likely to be the biggest share sale in history.

Aramco has still not chosen an international venue for the listing although New York and London are seen as leading contenders. It has hired advisers for the deal, but has not chosen global coordinators or book-runners, banking sources have said.

Reuters reported last month that Saudi Arabia favors New York for the main foreign listing of Aramco, even though some financial and legal advisers have recommended London, citing people familiar with the matter.