PV Oil Said to Sell Rang Dong Crude to Petrobras at $3 Premium

PV Oil Co., Vietnam’s state-owned oil-marketing company, sold 200,000 barrels of Rang Dong crude for November to Petroleo Brasileiro SA, known as Petrobras, at a premium of about $3 a barrel to benchmark dated Brent, said two people who participate in the market, asking not to be identified because the information is confidential.

Details are as follows:

Crude:      Rang Dong (Vietnam)
Term:       Nov. 12 to Nov. 18
Pricing:    Premium of about $3 a barrel to dated Brent
Buyer:      Petrobras
Quantity:   200,000 barrels
Seller:     PV Oil

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Mike Anderson at manderson34@bloomberg.net

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