By Sophie Tan
Oct. 23 (Bloomberg) — Asian benchmark 180-centistoke fuel oil gained $6 a metric ton, or 1.1 percent, to a record $458 in Singapore, Asia’s biggest oil-trading center, according Bloomberg data. BP Plc bought a cargo for mid-November loading.
The price of 380-centistoke fuel oil, mainly used as marine fuel, climbed $6.50, or 1.5 percent, to an all-time high of $447 a ton. Royal Dutch Shell Plc and PetroChina Co. bought a cargo each.
Dubai crude for December delivery rose 40 cents, or 0.5 percent, to $78.44 a barrel, according to Bloomberg data. Prices have risen 38 percent this year.
Fuel oil’s discount to Dubai crude oil, known as the crack spread, narrowed to $7.43 a barrel from $7.96 a barrel, according to Bloomberg data. The differential is a measure of profit or loss from processing Dubai crude.
Fuel oil transactions on oil-pricing service Platts’ trading system:
BP Plc bought a cargo of 180-centistoke fuel oil from Hin Leong Trading at a premium of $2.50 a ton over the average Singapore fuel oil assessments by Platts for loading between Nov. 18 and Nov. 22.
Royal Dutch Shell Plc bought a cargo of 20,000 tons of 380-centistoke fuel oil from Hin Leong Trading Pte for loading between Nov. 18 and Nov. 22 at a premium of $2 a ton. Vitol Group sold to PetroChina Co. 20,000 tons of 380-centistoke fuel oil at a premium of $3 a ton for loading between Nov. 12 and Nov. 16.
Spot Prices
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Singapore ($/metric ton)
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Bid Offer Change
180-centistoke Fuel Oil
– 2 percent sulfur grade 467.50 468.50 6.00
– 3.5 percent sulfur grade 457.50 458.50 6.00
380-centistoke Fuel Oil 446.50 447.50 6.50
The oil’s centistoke rating is a measure of its viscosity, or flow rate, when heated. Fuel oil with a higher centistoke rating has a slower flow rate and requires further blending with other fuels to lower the rating. The main viscosity rates for bunker fuels are 380-centistoke and 180-centistoke.
To contact the reporter on this story: Sophie Tan in Singapore at [email protected] .
Last Updated: October 23, 2007 06:37 EDT
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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