Al Zour awards first low-sulphur fuel oil tender to oil major

Kuwait refinery Al Zour has awarded its first low-sulphur fuel oil (LSFO) tender to an oil major, several industry sources said on Monday.

The cargo was sold at a premium of about $17 a tonne to Singapore quotes on a freeon-board basis. The refinery had offered 100,000 tonnes of the product for loading between November 28 to 29, in a tender that closed on November 18.