PetroChina settles Oct Jidong, Daqing crude CNY249/tonne higher

11 October 2012 07:28  [Source: ICIS news]

SINGAPORE (ICIS)--PetroChina has settled its October contract prices for Daqing and Jidong crude at yuan (CNY) 6,009/tonne ($130.69/bbl) inclusive of tax, up by CNY249/tonne from September prices, a company source said on Thursday.

The price hike is in line with firming crude prices in the international markets, the source added.

Daqing and Jidong crude account for 38% of PetroChina’s total crude output.

PetroChina's October settlement prices for Huabei, Dagang and Changqing crude, on the other hand, rose by CNY240-270/tonne from prices in the previous month, the source said.

($1 = CNY6.29)


By: Jean Zou
+65 6780 4359



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