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Posts on ‘January 3rd, 2019’

Shell to load first condensate cargo from Prelude FLNG project end Jan

Singapore — Shell will load the first condensate cargo from Australia’s Prelude FLNG project at end January, according to shipping reports and sources Thursday.

The condensate will be loaded in a 80,000 mt clip over January 31 to February 2, shipping reports showed.

A vessel has not been fixed for the cargo, and shipbrokers said Shell began looking for an Aframax tanker to load the cargo Thursday.

Shell did not immediately respond to an email query seeking comment.

The destination of the cargo is unclear, though trade sources have said that the oil major will likely use the cargo within its own network of splitters and refineries. read more

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Shell wins license to trade oil products in Chinese wholesale market

By: , SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) says China has awarded it a license to independently trade oil products in the country’s domestic wholesale oil market, allowing it to carry out purchases and sales of oil products for its customers in the Chinese market.

“The wholesale business of refined products has long been dominated by Chinese national oil companies and is typically reserved for Chinese companies,” says Kang Wu, head of S&P Global Platts Asia analytics. “The latest license to a wholly-owned foreign company is unique and set to increase the competitiveness of the wholesale market in China.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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