SINGAPORE, Oct 26 (Reuters) - The Asia-Pacific crude market held steady on Friday, though light grades traded lower on weak margins for naphtha and gasoline, industry sources said.
AUSTRALIA
* Australia's Woodside Petroleum may have sold a partial Pluto condensate cargo loading in December but details were not immediately available.
The cargo may have been sold at a discount close to $1 a barrel to dated Brent, much lower than the 20-30 cent discount achieved for an October-loading cargo, an industry source said.
* There may be an unsold cargo of Gippsland crude being stored in a tanker, an industry source said, though this could not be confirmed immediately.
MALAYSIA
* Malaysia's Petronas issued a tender offering Dulang crude for loading over Dec. 24-30. The tender closes on Friday.
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $1.90 a barrel for December.
NEWS
* China has issued 2.93 million tonnes of additional export quotas for refined oil products for 2018, according to a government document seen by Reuters, potentially stoking a gasoline glut that has pushed profit margins to 2-1/2 year lows. French oil and gas major Total TOTF.PA raised its production growth target for 2018, after a record output and high oil prices during the third quarter helped the company to its highest quarterly net income since 2012. OPEC signalled on Thursday that it may have to return to production cuts as global oil inventories rise, potentially resulting in a further souring of relations with U.S. President Donald Trump. president has repeatedly hit out at the Organization of the Petroleum Exporting Countries (OPEC), saying it is not supplying enough oil. OPEC, plus Russia and other allies in June agreed to pump more oil.
* Asian fuel oil refining margins climbed close to a record high on Friday, boosted by falling crude prices and tightening supplies of the fuel amid refinery upgrades and looming U.S. sanctions on Iranian oil exports next month. Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before - locking in prices for barrels that will find a home overseas. Chevron Corp (NYSE:CVX) has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil company Petroleo Brasileiro SA, three people familiar with the matter said this week. 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