SINGAPORE, June 5 (Reuters) - The Asia-Pacific crude market was mixed on Tuesday with premiums for fuel-oil rich grades rising while ultra light crude oil grades remained low, trade sources said.
INDONESIA
* Indonesia has set the official Indonesia Crude Price (ICP) for Minas crude oil at $73.15 a barrel for May, up $4.76 from the previous month, a document from the Ministry of Energy & Mineral Resources showed on Tuesday. alpha, or price difference to dated Brent, for Minas in May was set at minus $3.78 a barrel.
* Separately, commodities trader Glencore (LON:GLEN) had placed a firm bid for a Minas cargo in the oil price agency Platts' trading platform on Friday, garnering no selling interest, which in turn pushed up the differential for the grade to a two-year high, traders said.
Higher fuel oil margins due to summer demand is boosting differentials for Minas, which is rich in fuel oil, traders said.
AUSTRALIA
* Australia's North West Shelf (NWS) condensate supplies are expected to rise in August to five cargoes, two industry sources said on Tuesday. of the cargoes are inter-month, one of the sources said.
Chevron (NYSE:CVX), Shell (LON:RDSa), Mitsui, BHP and Woodside will each have a cargo to export, the source added.
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $3.21 per barrel for August.
NEWS
* China's Sinopec said on Tuesday that crude runs at its Maoming refinery, one of China's largest, hit a record high in May. Indonesia plans to quadruple its diesel subsidies to keep prices for the fuel unchanged through 2018 in spite of high global oil prices and a weak rupiah, the finance minister said on Tuesday. Iran has awarded its first cargo of West Karoun oil to Spain's Repsol REP.MC , two sources familiar with the matter said on Monday, indicating that Tehran is keen to boost its oil exports despite the looming threat of sanctions. Saudi Aramco has named at least five new heads of departments including its finance unit after a government reshuffle last week saw several executives at the oil giant moving to other state posts, industry sources familiar with the matter said. The planned exit of BHP Billiton Ltd BHP.AX BLT.L from its U.S. shale business has drawn oil companies and private equity firms into a competition that may have no clear winner until late this year or early next year, according to people familiar with the negotiations. 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