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PV Oil Said to Sell Chim Sao Crude at $4.80 to $5.20 Premium

PV Oil Corp., Vietnam’s state-run oil-marketing company, sold four cargoes of Chim Sao crude at premiums of $4.80 to $5.20 a barrel to dated Brent, said three people who participate in the market.

The buyers included Royal Dutch Shell Plc, BP Plc and Itochu Corp., the people said, asking not to be identified because the information is confidential

Crude:       Chim Sao (Vietnam)
Price:       Premium of about $4.80 to $5.20 to dated Brent
Loading:     Shell - 250,000 barrels for Nov. 1-5
             BP - 300,000 barrels for Nov. 8-12
             Itochu - 300,000 barrels for Nov. 18-22
             Itochu - 300,000 barrels for  Nov. 26-30
Buyers:      Shell, Itochu, others
Seller:      PV Oil

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