STO 0.45% $6.72 santos limited

News: STO Australia's Santos sells April Pyrenees crude at all-time high premium - sources

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    SINGAPORE, Feb 25 (Reuters) -

    • Australian oil and gas producer Santos Ltd (STO) has sold its April-loading Pyrenees cargo at the highest premium ever seen for the heavy sweet grade due to strong fuel oil margins, trade sources said on Monday
    • A drop in Brent's premium to Dubai also lifted spot premiums for Brent-linked grades, they said
    • The producer sold the 550,000-barrel cargo at a premium between $5.50 and $6 a barrel to a Japanese trading company, they said
    • The premium is about $2 a barrel higher than the previous month
    • The cargo will load on April 18-22
 
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