Formosa buys 4 million barrels of Mideast oil via tender
20/08/2026 11:05
Formosa buys 4 million barrels of Mideast oil via tender SINGAPORE, Aug 20 (Reuters) - Taiwanese refiner Formosa Petrochemical 6505.TW has bought 4 million barrels of Middle Eastern crude oil via a tender for November delivery from Shell and Vitol, trade sources said on Thursday
The refiner bought 2 million barrels of Oman crude at a premium of between $3 and $3.50 a barrel to October Dubai quotes on a free-on-board basis
For the second cargo, the supplier would sell Oman or Abu Dhabi's Upper Zakum crude at a premium of below $3 a barrel to October Dubai quotes
(Reporting by Florence Tan and Siyi Liu)
((Florence.Tan@thomsonreuters.com;))
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