August 31, 2018 / 9:49 AM / 5 months ago

Private Chinese trader delivers crude oil against Shanghai contract

BEIJING, Aug 31 (Reuters) - Shanghai Zhida Hailan Energy Co Ltd, a private energy trader set up in May last year, is one of the companies that delivered crude oil against Shanghai September futures contract on Friday, a company spokesman told Reuters.

The Shanghai-based company delivered 100,000 barrels of Iraqi oil Basra Light into a storage in Zhanjiang.

The September-delivery crude contract on the Shanghai International Energy Exchange (INE) expired on Friday with five companies set to deliver a total of 601,000 barrels of crude oil through the exchange next month. (Reporting by Chen Aizhu, Editing by Sherry Jacob-Phillips)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below