SINGAPORE, March 27 (Reuters) - The Asia-Pacific crude oil market remained steady on Tuesday, with May-loading Kimanis cargo trading at a similar level to the previous month, traders said.
MALAYSIA
ConocoPhillips (NYSE:COP) may have sold a May-loading Kimanis cargo at a premium of $3.50 a barrel to dated Brent, steady from April levels, trade sources said.
The deal could not immediately be confirmed with the company.
CONDENSATE
* There have been no signs of condensate being marketed from Australia's new Ichthys project yet, trade sources said. They estimated that the earliest availability of the first condensate cargo could be in June.
Japan's Inpex Corp said on Monday it has delayed the start-up of the Ichthys liquefied natural gas (LNG) project in Australia to April or May from the end of March due to bad weather such as cyclones. company said in a statement that gas production will start at the same time that commissioning of the Central Processing Facility is completed sometime between April and May.
Production of condensate, LNG and liquefied petroleum gas (LPG) would follow after gas production in that order, a company spokeswoman said.
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $3.92 per barrel on Friday, down 6 cents for May.
NEWS
* Demand for diesel in India is set to hit a record in 2018 as the government targets massive infrastructure spending in the fiscal year that starts April 1, with Prime Minister Narendra Modi seeking a second term in elections in 2019. consumption growth in calendar 2018 may be more than double last year, analysts and traders told Reuters, aided by an expected regular monsoon this year that should boost demand in the world's third-largest oil consumer for diesel used in harvesting and other farming, leading to higher rural spending.
* Iraq supports OPEC's agreement to cut oil output, Iraqi President Fuad Masum said at a meeting on Monday with OPEC Secretary-General Mohammad Barkindo. Saudi Aramco will be ready for an initial public offering in the second half of 2018 and the work is ongoing, Amin Nasser, the chief executive officer of the state oil company, said in a Bloomberg television interview on Monday. Brazil's government aims to hold an oil and gas auction in the second half of this year for areas left over after it settles a disputed contract with state-controlled oil firm Petroleo Brasileiro SA PETR4.SA , according to a senior official. 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