SINGAPORE, June 19 (Reuters) - The Asia-Pacific crude market fell on Tuesday amid weaker naphtha margins putting pressure on differentials for light crude oil grades, traders said.
MINAS
* Commodities trader Glencore (LON:GLEN) Singapore placed a bid for an August-loading Minas crude oil cargo in Rim's trading platform, traders said.
The bid was for 2 million barrels of the direct-burning crude oil grade at a premium of $1.95 a barrel above August ICE Brent prices, they said.
MALAYSIA
* ConocoPhillips (NYSE:COP) and Petroleum Brunei have each offered a Kimanis cargo for loading in August in tenders that close this week.
This could provide price direction for the Malaysian crude oil grade, traders said.
AUSTRALIA
* Trafigura may have bought an August-loading Cossack cargo at a premium of about $1 a barrel to dated Brent, an industry source said, though this could not be confirmed.
A late-July-loading Cossack cargo had rolled over to August, due to production issues, traders have said.
Thailand's PTT was last known to have bought a June-loading Cossack cargo at a premium of about $1.50 to $2 a barrel to dated Brent, traders have said.
VIETNAM
* Vietnam's PV Oil may have sold an August-loading Rong Doi condensate cargo at a slight discount to dated Brent, a trader said, though this could not immediately be confirmed.
PV Oil was last known to have sold an April-loading Rong Doi condensate cargo to SK Energy at a premium of $2 a barrel to dated Brent. CRU/TENDA
* PV Oil may also have entered a second round of negotiations to sell three cargoes of Chim Sao crude for loading in August, a second trader said. But price details were not immediately available.
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $3.82 per barrel for August.
NEWS
* Major U.S. energy companies including Plains All American Pipeline, Hess Corp (NYSE:HES) and Kinder Morgan Inc (NYSE:KMI) are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico. The possible withdrawal of French oil major Total from Iran's South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in talks with Russia's Gazprom (MCX:GAZP) over the development of two other fields. Oil production from U.S. federal lands and waters rose 7 percent last year to the highest in at least a decade, while natural gas output slipped, according to soon-to-be-published U.S. data - a partial win for the Trump administration as it tries to fire up energy production on public land. Russia and Saudi Arabia have put forward a proposal to increase production by OPEC and non-OPEC countries by 1.5 million barrels per day, Ecuador's oil minister said on Monday. Norway's monthly oil output fell to a six-year low in May, missing the official forecast by 11 percent due to maintenance and technical issues at several fields, the Norwegian Petroleum Directorate (NPD) said on Tuesday. 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