SINGAPORE, March 1 (Reuters) - Sweet crude cargoes aregradually clearing in the Asia-Pacific crude market, with mostof the Vietnamese supplies staying within the country, traderssaid on Thursday.
AUSTRALIA: Mitsui has sold a partial Enfield cargo at apremium between $3 and $3.50 a barrel to dated Brent to load inApril 14-18, traders said. There had been an option to sell thiscargo along with a partial Vincent but the latter remainsunsold, they said.
VIETNAM: Vietnamese state oil marketer PV Oil may have soldits Ruby and heavy Bach Ho crude cargoes loading in April to itsdomestic Bin Son Refinery (BSR), traders said. This would be inaddition to April-December Bach Ho light crude supplies that hasalso likely been awarded to BSR at about $3.50 a barrel abovedated Brent, they said.
MALAYSIA: The official selling price of a basket ofFebruary-loading Malaysian crude oil grades OSP/MY has beenset at $69.39 a barrel, Malaysian state oil firm Petronas said. EFS
*Brent's premium to Dubai swaps DUB-EFS-1M was at $3.67per barrel for May.
NEWS
U.S. crude oil production shattered a 47-year output recordin November and retreated slightly in December, the U.S. EnergyDepartment said on Wednesday, as oil production from shalecontinued to upend global supply patterns. chairman of China's CEFC China Energy, the private firmthat has agreed to buy a nearly $10 billion stake in Russian oilmajor Rosneft, has been investigated for suspected economiccrimes, a person with direct knowledge of the matter said. trader Noble Group plunged to a $4.9 billionannual loss, mainly due to losses on derivatives contracts, andsaid it was still in talks with creditors to finalise a rescuedeal. Repsol (MC:REP) has asked Bank of America-Merrill Lynch tovalue its energy portfolio in the North Sea as it considersleaving a troubled joint venture with China's Sinopec, twobanking sources said. Mobil Corp said on Wednesday it will exit jointventures with Russia's Rosneft, citing U.S. and European Unionsanctions first imposed in 2014. crude prices, oil product cracks and refining margins,please click on the RICs below.
Brent
BRENTSGMc1
Dubai
DUBSGSWMc2
Brent/Dubai EFS
DUB-EFS-1M
PRODUCT CRACKS
Fuel oil crack
FO180SGCKMc1
Gasoil crack
GOSGCKMc1
Naphtha crack
NAFOBSGCKMc1
Complex refining margins REF/MARGIN1