DUBAI: The number of cargoes traded during a pricing process for Middle East crude exports to Asia hit an all-time high in August after Chinaoil snapped up another four cargoes on Friday, traders said.
Trades during the Platts Dubai Market on Close (Moc) process led to the delivery of 58 October-loading cargoes this month, exceeding the previous high of 55 June-loading cargoes traded in April, they said.
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Chinaoil, the trading arm of PetroChina Co Ltd, bought 55 cargoes this month, while Swiss trading company Mercuria purchased three.
