CAO seeks 1.38 million barrels of jet fuel
China Aviation Oil (CAO), the largest purchaser of oil in the Asia Pacific region, will acquire a total of 1.38 million barrels of aviation fuel throughout November and December.
CAO is looking to purchase four 240,000-300,000 barrel cargoes between 21-30 November, 1-10 December, 11-20 December and 21-30 December.
The company bought 1.2 million barrels of jet fuel in its October/November delivery.
The price of the delivery has not been disclosed.