PetroChina settles Nov Jidong, Daqing crude 2.2% lower from Oct

31 October 2012 07:24  [Source: ICIS news]

SINGAPORE (ICIS)--PetroChina has settled its November contract for Daqing and Jidong crude at yuan (CNY) 5,875/tonne ($128.71/bbl), down by 2.2% or CNY134/tonne lower from October, to reflect weaker crude values in the international markets, a company source said on Wednesday.

The November contract price is inclusive of tax.

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

The company settled its November contract for Huabei, Dagang and Changqing crude at CNY4,500-5,050/tonne, down by CNY100-150/tonne from October, the source said.

($1 = CNY6.24)

By: Jean Zou
+65 6780 4359

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