Bank of America's Countrywide Ordered to Pay $1.3B for Bad Loans

Formosa Sells Jet Fuel for May Loading to Gracewood

Formosa Petrochemical Corp. (6505) sold a jet-fuel cargo for May loading to Gracewood International Ltd. above benchmark Singapore prices, said a Formosa official who asked not to be identified citing company policy.

Formosa Petrochemical is Taiwan’s only publicly traded oil refiner. Details of the transaction are as follow:

Product:  Jet fuel, A-1 grade
Quantity: 300,000 barrels
Loading:  May 13 to May 17
Port:     Mailiao, Taiwan
Price:    5 cents a barrel over Platts Singapore quotes
Buyer:    Gracewood International Ltd.

To contact the reporter on this story: Yee Kai Pin in Singapore at

To contact the editor responsible for this story: Alexander Kwiatkowski at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.