PetroChina settles Dec Jidong, Daqing crude CNY147/tonne lower

03 December 2012 07:32  [Source: ICIS news]

SINGAPORE (ICIS)–PetroChina has set its December contract prices for Daqing and Jidong crude at yuan (CNY) 5,727/tonne ($125.67/bbl) inclusive of tax, down by CNY147/tonne from the November settlement, a company source said on Monday.

The cut reflects weakening crude values in international markets, the company source added.

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

PetroChina’s December settlement prices for Huabei, Dagang and Changqing crude are at CNY130-150/tonne lower from the previous month at CNY5615/tonne, CNY5131/tonne and CNY5727/tonne respectively, the source said.

($1=CNY6.23)


By: Amy Sun
+65 6780 4359



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