PetroChina settles April Daqing, Jidong crude CNY297/tonne lower

01 April 2013 07:37  [Source: ICIS news]

SINGAPORE (ICIS)--PetroChina has set its contract prices of April-delivery Daqing and Jidong crude at yuan (CNY)5,652/tonne ($124.31/ bbl), down by CNY297/tonne from March, a company source said on Monday.

The cut is to reflect weaker values of crude in international markets.

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

PetroChina’s April settlement prices for Huabei, Dagang and Changqing crude are CNY280-300/tonne  lower from the previous month, the source said.

($1 = CNY6.22)

By: Amy Sun
+65 6780 4359

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