Aramco Trading purchased a 0.6m bbl cargo of niche Danish crude grade DUC in the Platts MOC, according to Bloomberg.

  • The grade is rarely traded in the MOC and has only appeared in the window four times in the last 15 years, according to Bloomberg.
  • Since the inclusion of WTI in the Dated Brent basket, liquidity in the Platts MOC has increased.
  • While Saudi Aramco is cutting output as part of OPEC agreements, Aramco Trading operates independently of the parent company, primarily trading third-party barrels.

OIL: Aramco Trading Buys North Sea DUC Grade for First Time in Platts MOC

Last updated at:Dec-05 17:37By: Lawrence Toye

Aramco Trading purchased a 0.6m bbl cargo of niche Danish crude grade DUC in the Platts MOC, according to Bloomberg.

  • The grade is rarely traded in the MOC and has only appeared in the window four times in the last 15 years, according to Bloomberg.
  • Since the inclusion of WTI in the Dated Brent basket, liquidity in the Platts MOC has increased.
  • While Saudi Aramco is cutting output as part of OPEC agreements, Aramco Trading operates independently of the parent company, primarily trading third-party barrels.

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