SINGAPORE, Aug 17 (Reuters) - Asia-Pacific condensate edged higher on Friday on firm demand despite weaker margins for naphtha, trade sources said.
Condensate typically contains a high naphtha yield.
AUSTRALIA
* Australia's Woodside Petroleum sold 650,000 barrels of North West Shelf condensate for laoding Oct. 18-22 at a discount of about 10-20 cents a barrel, an industry source said, though this could not be confirmed immediately.
BHP Billiton (LON:BLT) earlier had sold its late-October cargo at a discount of 20-30 cents a barrel, sources have said. Both deals could not be confirmed immediately and details of the buyers were not known.
* An October-loading Cossack cargo may also have sold, though details were not immediately clear.
INDONESIA
* Italy's ENI (MI:ENI) is likely to have sold a September-loading Senipah condensate cargo at a premium of $1 to $2 a barrel to the Indonesian Crude Price, an industry source said, though this could not be confirmed immediately.
Exports of Senipah condensate are expected to reduce as Indonesia processes more of its domestic grades and reduces exports, traders said.
MALAYSIA
* More details emerged on Malaysia's loading programme. ConocoPhillips (NYSE:COP) may have sold one of its two cargoes, though details were not immediately clear. Seller
Grade
Volume (KB) Loading date Murphy Oil (NYSE:MUR)
Kimanis 600
Oct 3-7 Petronas
Kimanis 600
Oct 6-10 ConocoPhillips Kimanis 600
Oct 9-13 Shell (LON:RDSa)
Kimanis 600
Oct 12-16 PetroBrunei
Kimanis 600
Oct 15-19 Petronas
Kimanis 600
Oct 18-22 ConocoPhillips Kimanis 600
Oct 21-25 Petronas
Kimanis 600
Oct 24-28 Shell
Kimanis 600
Oct 27-31 Petronas
Kimanis 600
Oct 30-Nov 3
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $1.61
a barrel for October, down 3 cents from the previous session.
NEWS
* Stiff new U.S. sanctions against Russia would only have a limited impact on its oil industry because the country drastically reduced its reliance on Western funding, foreign partnerships and its dependence on imported technology. Middle East light crude oil cargoes loading in October have sold in Asia at the widest discounts since 2015 as sellers try to clear a supply backlog, several trade sources said. Crude oil shipments to Bharat Petroleum Corp's Kochi refinery in southern India were delayed by heavy rains that prevented vessels from berthing, two industry sources said on Friday. Strikes planned on three of Total's North Sea oil and gas platforms for five days in September and October will be 12 hours long, a spokesman for the Unite union said on Friday. Sudan wants India's ONGC Videsh Ltd (OVL) to withdraw arbitration proceedings against the African nation because it is making efforts to mitigate default on payment of dues, OVL said in a statement on Friday. crude prices, oil product cracks and refining margins, please click on the RICs below.
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