SINGAPORE, May 3 (Reuters) - Trade in the Asia-Pacific crude market was muted on Thursday as traders waited for the results of Vietnamese tenders for second-half 2018 supplies.
INDONESIA: The Banyu Urip oilfield in Indonesia's Cepu block is currently producing around 210,000 barrels per day (bpd) of crude oil, compared to a 2018 target of 205,000 bpd, a Jakarta-based Exxon Mobil (NYSE:XOM) spokesman said. environmental permit allows output of up to 220,000 bpd from the field, said Erwin Maryoto, vice president of public and government affairs at ExxonMobil Cepu.
Exxon is also currently developing the Kedung Keris field in the Cepu block, and expects to start production of around 10,000 bpd there at the end of 2019.
BRENT-DUBAI EFS
*Brent's premium to Dubai swaps DUB-EFS-1M was at $4.05 per barrel, up 1 cent for July.
TENDERS: Pertamina is seeking crude for July delivery. COUNTRY/COMPANY GRADE
VOL
CLOSE (VALID)
LOADING DATE VIETNAM/PV OIL s:Te Giac
10,000BPD
April 23 (May 11) July-Dec
Trang
**INDONESIA/PER b:sweet
600KB
May 7 (May 9)
July 8-10 arr TAMINA
Cilacap **INDONESIA/PER b:sweet
600KB
May 7 (May 9)
July 13-15 arr TAMINA
Cilacap **INDONESIA/PER b:sweet
950KB
May 7 (May 9)
July 15-17 arr TAMINA
Balikpapan **INDONESIA/PER b:sweet
950KB
May 7 (May 9)
July 15-17 arr TAMINA
Balikpapan VIETNAM/PV OIL s:Su Tu Den 6,700BPD
April 17 (May 3) July-Dec
REFINERY
Sinopec, Asia's largest refiner, plans to cut the volume of Saudi crude oil it loads in June by 40 percent for a second month, after the price of the kingdom's key grade rose to a near 4-year high, said an official from trading arm Unipec. trader Glencore (LON:GLEN) has formed a joint venture with China's Zhejiang Petroleum to trade energy products, officials at Glencore and Zhejiang said. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said. Arabia's energy minister said on Wednesday top oil producers would maintain supply curbs until the end of 2018 while continuing to monitor oil markets and adjust plans if needed, al-Eqtisadiah newspaper reported. chief executive of Canada's Suncor Energy Inc said on Wednesday he expected Prime Minister Justin Trudeau to move in the "next few weeks" to ensure that Kinder Morgan (NYSE:KMI) Canada's Trans Mountain oil pipeline expansion goes ahead. President Joko Widodo on Wednesday slammed state-owned oil firm Pertamina, saying it hadn't invested enough in exploration, while blasting red tape hobbling the industry and urging investors to report problematic rules to him directly. crude prices, oil product cracks and refining margins, please click on the RICs below.
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