CAO seeks 30% more jet fuel than usual in latest tender

CHINA Aviation Oil, Asia's top jet fuel buyer, is seeking up to 1.6 million barrels of jet fuel for delivery over late December to January, a tender document showed yesterday.

This is about 30 per cent higher than what the company has been requiring every month over the past two tenders, though the reason was not immediately clear.

In its latest tender, CAO is seeking four jet fuel cargoes of 240,000 to 300,000 barrels each for loading periods Dec 21 to 31, Jan 1 to 10, Jan 11 to 20, and Jan 21 to 31.