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Asia-Pacific Crude-Stays firm; Petroleum Brunei sells Jan Kimanis

Published 20/11/2018, 09:25 pm
© Reuters.  Asia-Pacific Crude-Stays firm; Petroleum Brunei sells Jan Kimanis
ICE
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LCO
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GLEN
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SINGAPORE, Nov 20 (Reuters) - The Asia-Pacific crude market stayed firm on Tuesday after Petroleum Brunei sold a Kimanis cargo at a premium from the previous month.

The producer sold a cargo loading on Jan. 7-11 to Glencore (LON:GLEN) at a small premium to its official selling price, traders said.

More tenders are expected to be awarded throughout this week.

Thailand's PTT has issued its monthly tender seeking sweet crude for Jan. 15 to Feb. 15 arrival while Petronas offered a Bunga Orkid cargo loading on Jan. 22-28.

Brent's premium to Dubai swaps DUB-EFS-1M was at $1.25 per barrel, down 14 cents for January. A narrower Brent-Dubai spread supports spot premiums for regional grades.

TENDERS COUNTRY/COMPANY

GRADE

VOL

CLOSE (VALID) LOADING DATE VIETNAM/PV OIL

s:Su Tu Den 350KB

Nov 21 (Nov 23) Jan 25-29 **INDONESIA/PERTAMI b:sweet

600KB

Nov 21 (Nov 23) Jan 21-25 NA

arr Balongan VIETNAM/PV OIL

s:Ruby

300KB

Nov 15 (Nov 22) Jan 17-24 **THAILAND/PTT

b:sweet

300KB-1000KB Nov 21 (Nov 22) Jan 15-Feb

15 arr **RUSSIA/SAKHALIN

s:Sakhalin

740KB

Nov 20 (Nov 21) Jan 27-Feb 2 ENERGY

Blend

**VIETNAM/PETRONAS s:Bunga

300KB

Nov 21

Jan 22-28

Orkid

VIETNAM/PV OIL

s:Chim Sao

2*300KB

Nov 13 (Nov 20) Jan 10-14,

26-30 INDONESIA/PERTAMINA b:sweet

2*600KB

Nov 16 (Nov 20) Jan arr

Balongan CHINA/FUHAICHUANG

b:condensate 60KT

Nov 16

Jan 25-31

arr TENDERS AWARD

COUNTRY/COMPANY

GRADE

VOL

COUNTERPARTY/PR LOADING DATE

ICE (NYSE:ICE)

*QATAR/QP

s:DFC

500KB-1000KB Dubai

Jan

-$0.5-$1.5

*MALAYSIA/PETROLEUM s:Kimanis

600KB

Glencore OSP

Jan 7-11 BRUNEI

small premium

REFINERY

Refineries around the world are squeezing out every last drop of diesel while drowning in gasoline, in what could well become the new normal for the next few years. oil refiner Idemitsu Kosan Co said it has restarted all refining units at the blackout-hit 150,000 barrels-per-day (bpd) Hokkaido refinery in northern Japan by Monday, including the 33,000 barrels-per-day (bpd) residue fluid catalytic cracker (RFCC). supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency said on Monday, appealing to market players to use "common sense". University of Chicago-trained economist named on Monday to head Brazil's Petrobras will not privatize the state-run company, but wants to push ahead with selling non-core assets and to focus on oil exploration and production. will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said. authorities said on Tuesday that they are investigating Noble Group Ltd for suspected false and misleading statements and breaches of disclosure requirements under the city-state's laws. 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

NAF-SIN-CRK

Complex refining margins REF/MARGIN1

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