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Australia's Santos sells June Van Gogh crude at high premium -sources

Published 18/04/2019, 05:03 pm
© Reuters.  Australia's Santos sells June Van Gogh crude at high premium -sources
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SINGAPORE, April 18 (Reuters) -

* Australia's Santos has sold a June-loading cargo of heavy sweet Van Gogh crude at more than $9 a barrel above dated Brent, likely the highest premium ever seen for the grade, trade sources said on Thursday

* The buyer for the 400,000-barrel cargo loading on June 24-28 was not immediately known

* Another Australian heavy sweet grade, Pyrenees, has also fetched a strong premium at close to $9 a barrel to dated Brent, traders said

* BHP may have sold the 600,000-barrel Pyrenees cargo loading on June 22-26 to BP (LON:BP), they said

* Energy companies do not typically comment on such commercial transactions

* Spot premiums for these Australian crude grades have surged as traders stock up low-sulphur oil supplies ahead of IMO 2020, traders have said

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