Americas crude: Latin sources await Petroecuador decision

摘要

The Latin crude market was still awaiting a decision from Ecuador's Petroecuador regarding a tender to sell five 360,000-barrel cargoes of Oriente per month for one year, said sources Monday.Shell Western submitted that highest bid of October cash WTI minus $7.99/b to remain fixed for the entire year, said Latin crude market sources, which includes the fixed premium of $1.25/b, making the outright discount at October cash WTI minus $6.24/b versus front month WTI prices as published by Argus.