Glencore buys over 1m tonnes of fuel oil in Singapore as premiums slump
Other buyers on the Platts window in June include PetroChina, which bought 666,000 tonnes of the fuel
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Singapore
GLENCORE plc has bought more than one million tonnes of fuel oil in Singapore this month as prices tumble from a record premium in the world's biggest bunker market.
The company has purchased at least 925,000 tonnes of 380-centistoke fuel oil and 140,000 tonnes of the 180-centistoke grade so far in June on the so-called window run by pricing service Platts, a unit of McGraw Hill Financial Inc. Glencore's cargoes, loading this month and in July, account for about 36 per cent of the total transacted volume of 2.95 million tonnes, Platts data show.
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