Singapore’s second-largest utility PowerSeraya’s fuel oil term deal with Venezuelan state-owned petroleum company Petróleos de Venezuela (PDVSA) has expired, with its last shipment arriving earlier this month, traders said on Wednesday.
Its oil trading arm, PetroSeraya, was seen buying two 380-centistoke (cst) cargoes, totalling 80,000 tonnes, during the pricing period, its first deal in over six months.
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