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Taiwan's Formosa sells jet fuel cargo at 4-year high premium
SINGAPORE |
SINGAPORE Oct 5 (Reuters) - Taiwan's Formosa Petrochemical Corp sold a jet fuel cargo for November loading at a four-year high premium as demand from the United States remained strong, traders said on Friday.
The company sold 300,000 barrels of jet fuel for Nov. 5-9 loading to Chevron at a premium of about 85 cents a barrel above Singapore quotes, they said.
The cargo is likely to be headed to the U.S. West Coast, they added. (Reporting by Jessica Jaganathan;Editing by Clarence Fernandez)
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