02 July 2012 17:17 [Source: ICIS news]
LONDON (ICIS)--Shell bought heavily in the jet kerosene open trading window in June accounting for about 65% of all trades, although the Anglo-Dutch major on Monday declined to comment on its trading activities.
According to data gathered from the open market trading window, the company picked up seven cargoes during the month, amounting to 210,000 tonnes of jet fuel distributed between the ports of ?xml:namespace>
In the barge market, Shell purchased around 75,000 tonnes of jet kerosene, conducting trades on all but three days during June.
A source said late on Friday there could be an issue at Shell’s Pernis Refinery in
Trading house Morgan Stanley was also active in the open trading barge market, buying around 25,000 tonnes of jet kerosene.
Vitol, Total and BP also made an appearance on the buy side; however BP stepped up as the seller for most of the trades conducted.
Outright values were driven down for most of June on the back of falling ICE gasoil values and Brent crude oil prices. This paired with increased supply in northwest
FOB (free on board) barges ARA (
CIF (cost, insurance and freight) cargoes NWE (northwest
($1 = €0.79)
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