Malaysia’s Petronas Said to Sell Labuan, Penara Oil for June


Can some trader tell me why this is important, and how it affects the rakyat? And interpret the ‘said’ as ‘CYA’.

Dateline 2012-04-19:

Petroliam Nasional Bhd., the Malaysian state oil company known as Petronas, sold a cargo of its Penara crude to Royal Dutch Shell Plc (RDSA) and a shipment of Labuan to Exxon Mobil Corp., said two traders who participate in the market, declining to be identified because the information is confidential.

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