Some lifting delays, no cuts seen in Saudi Aramco June LPG term acceptances

S&P Global Platts | May 16, 2019 at 6:18 AM
  • Saudi Aramco’s acceptances of June-lifting term cargo nominations were announced with no cuts but two Japanese lifters had delays of up to 20 days, while Indian lifters have sought lifting deferments as inventory remained ample after pre-election stockpiling, traders said Thursday.
  • Japanese trading firms Astomos and Itochu were heard to have lifting delays, while South Korean trader E1 Corp. received dates in line with their nominations.
  • In the physical market Wednesday, an oil company was offering evenly split LPG cargoes, FOB Middle East, at a parity to the June Saudi Contract Prices and bidding at a slight discount, putting pressure on FOB Middle East premiums.