SINGAPORE, Jan 9 (Reuters) -
* Australian oil and gas producer Santos Ltd has sold a cargo of Pyrenees crude at a record premium of above $30 a barrel to dated Brent via a spot tender, two trade sources said on Thursday.
* The 550,000-barrel cargo was offered to load over March 4-8.
* Pyrenees is one of Australia’s heavy sweet crudes that have been sold at record premiums over the past several months, supported by strong demand from traders.
* They are buying the grades for blending into marine fuels that meet new low-sulphur ship fuel rules from the International Maritime Organization, known as IMO 2020. (Reporting by Shu Zhang; Editing by Jan Harvey)