SINGAPORE, May 17 (Reuters) - The Asia-Pacific crude market remained steady on Thursday with more term cargoes seen from Vietnam, trade sources said.
VIETNAM
* Vietnam's PV Oil has offered 11,000 to 14,000 barrels-per-day (bpd) of Bach Ho crude oil for loading over July to December, a trader said.
The tender closes on May 22 and is valid until May 31.
MALAYSIA
* Malaysia will export 12 cargoes of Kimanis crude in July, up two cargoes from the previous month, trade sources said on Wednesday.
Malaysia's Petronas will be allocated four cargoes, while ConocoPhillips (NYSE:COP) COP.N will have three, they said.
Royal Dutch Shell (LON:RDSa) and Petroleum Brunei will each have two cargoes, while Murphy Oil (NYSE:MUR) will have one, one of the sources said.
CONDENSATE
* June-loading condensate cargoes from equity holders, including Alba condensate, Wheatstone and Bayu Undan, have all been sold, though it was not immediately clear if the traders have managed to resold the cargoes, trade sources said.
Lower demand from Indonesia weighed on ultra-light crude oil prices, but lower exports from Iran and the restart of a splitter in China are boosting demand again, they added.
* National Oil Company (NOC) has offered an early June-loading Wafa condensate cargo, trade sources said.
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $4.08 per barrel, up 1 cent from the previous session.
NEWS
* OPEC sees oil's rally towards $80 a barrel as a short-term spike driven by geopolitics rather than any supply shortage, four OPEC delegates said, a sign the group is not rushing yet to rethink its supply-cutting agreement. view of top exporter Saudi Arabia is that any brief, speculator-driven jump in oil prices is not sufficient grounds for producers to boost output, an OPEC source familiar with the kingdom's thinking said.
* Thousands of farmers oppose a $44 billion refinery and petrochemical project that Saudi Aramco is planning to build on India's west coast, and are refusing to surrender land, fearing it could damage a region famed for its Alphonso mangoes, vast cashew plantations and fishing hamlets that boast bountiful catches of seafood. State-run thermal power plants in India's coastal states have again begun buying overseas coal due to domestic coal shortages, government and utility officials said, in a setback for the country's long-term plans to eliminate imports. Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft, is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. Total will pull out of a multibillion-dollar gas project in Iran if it cannot secure a waiver from U.S. sanctions, the French energy company said on Wednesday. Japan's Inpex Corp expects to ship the first liquefied natural gas (LNG) cargo from its giant Ichthys LNG project in Australia by the end of September, an industry source with knowledge of the matter said on Thursday. 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
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Gasoil crack
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Naphtha crack
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Complex refining margins REF/MARGIN1