SAUDI ARABIA

Large Portion of Petromin's February Product Availability Was Bought by Trading Firm Grunewald 

A large part of Petromin's share of refined products from the Yanbu' refinery in February - some reports say as much as 50% - has been purchased on spot tender by a newly formed trading firm known as Grunewald International Energy. Petromin's product entitlement from the Yanbu' refinery (which it owns 50-50 with Mobil Oil) currently amounts to about 90,000...