SINGAPORE, June 29 (Reuters) - The Asia-Pacific crude oil market remained steady on Friday with Thailand's IRPC buying mostly Asia-Pacific crude and Libyan condensate for its sweet crude requirement for August to September, traders said.
THAILAND
* Thailand's PTT bought 1.4 million barrels of crude oil and condensate for August to September arrival on behalf of Thai refiner IRPC, trade sources said.
IRPC bought 300,000 barrels of Champion crude, 300,000 barrels of Seria Light crude, 200,000 barrels of Hai Thach condensate and 600,000 barrels of Wafa condensate, they added.
Libya's National Oil Company has been offering Wafa condensate in the spot market due to the closure of the Elephant oilfield since February due to a dispute, they added. While the field was closed as of last month, condensates have still been flowing, sources have said. It was not immediately clear if the field had re-opened.
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $3.38 per barrel for August.
NEWS
* Imports of Iranian crude oil by major buyers in Asia rose to the highest in eight months in May as purchases increased ahead of possible new sanctions on the Middle Eastern nation, government and ship-tracking data showed. India's oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the United States to cut trade ties with Iran. Officials at Libya's Zueitina oil port have not authorised a tanker contracted by Tripoli-based National Oil Corporation (NOC) to berth, while loading was also blocked at Hariga terminal, port and industry sources said on Thursday. Saudi Aramco signed a deal with National Oilwell Varco Inc. (NYSE:NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, the state-owned Saudi energy firm said. Nigeria's finance minister said on Thursday proposed revenue payments by the Nigerian National Petroleum Corporation to the government account were unacceptable because they were less than expected in view of raised crude oil prices. crude prices, oil product cracks and refining margins, please click on the RICs below.
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Dubai
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Brent/Dubai EFS
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PRODUCT CRACKS
Fuel oil crack
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Gasoil crack
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Naphtha crack
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Complex refining margins REF/MARGIN1