SINGAPORE, April 6 (Reuters) - Trade remained muted in the Asia-Pacific crude market on Friday as traders awaited June-loading programmes to assess supplies.
Australia's North West Shelf (NWS) condensate supplies will hold steady in June at four cargoes while one more cargo loading in the last day of June and early July will also be marketed this month, a trade source said.
Indonesia's Pertamina, the largest buyer of NWS condensate, has cut purchases in recent months after reducing run rates at its splitter. lower demand from Indonesia may be offset by the impending restart of a splitter in China and falling condensate exports from Iran. Seller
Volume Loading date BP (LON:BP)
650KB
June 1-5 Chevron (NYSE:CVX) 650KB
June 8-12 Shell (LON:RDSa)
650KB
June 16-20 PDS
650KB
June 23-27 BHP
650KB
June 30-July 4
BRENT-DUBAI EFS
*Brent's premium to Dubai swaps DUB-EFS-1M was at $3.65 per barrel, up 4 cents for June.
TENDERS COUNTRY/COMPANY
GRADE
VOL
CLOSE (VALID)
LOADING DATE **QATAR/QP
s:DFC/LSC
April 16 (April 17) June INDONESIA/PERTAMINA b:condensate 650KB April 6 (April 10) June 3-4
REFINERY
Saudi Aramco and French oil major Total plan to sign an agreement next week for the expansion of their joint venture refinery in Saudi Arabia, sources familiar with the matter told Reuters on Thursday. Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. Iraqi oil ministry signed a two-year contract with Anton Oilfield Services and Petrofac (LON:PFC) on Thursday to operate the giant Majnoon oilfield, two oil executives said. top state lender Sberbank opposes a plan by billionaire Mikhail Gutseriyev to merge his oil assets into one firm and replace co-owner Glencore (LON:GLEN) because of concerns about his energy companies' heavy debts, sources told Reuters. 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