SINGAPORE, Aug 20 (Reuters) - The Asia-Pacific crude oil market climbed with Malaysian crude and condensate grades trading higher, sources said on Monday.
TAIWAN
* Taiwan's CPC Corp is seeking sweet crude for delivery in October in a tender that closes on Aug. 20 and valid until Aug. 22, traders said.
The Taiwanese refiner last bought 4 million barrels of U.S. WTI Midland crude, 2 million barrels of Algerian Saharan Blend and more than 1 million barrels of Azeri Light crude, they said. Thailand's PTT is seeking up to 1 million barrels of sweet crude on behalf of Thai refiner IRPC, for delivery in October and November.
The tender closes on Aug. 21 and is valid until Aug. 22.
PAPAU NEW GUINEA
* Oil Search may have sold its October-loading Kutubu Light cargo at a premium of about 20 cents to 30 cents a barrel to dated Brent, trade sources said, though this could not immediately be confirmed.
This is steady from September-loading cargoes, they added.
ExxonMobil is likely to take the cargo to its own system, a source said.
MALAYSIA
* ConocoPhillips (NYSE:COP) likely sold an October-loading Kimanis cargo at a premium of about $4 a barrel to dated Brent, an industry source said, though this could not immediately be confirmed.
The oil major last sold a September-loading cargo at a small discount to its official selling price, traders said.
CONDENSATE
* Qatar Petroleum likely sold an unspecified volume of deodorised field condensate(DFC) at a premium of $3 to $3.50 a barrel to Dubai quotes, traders said, though this could not immediately be confirmed.
It also may have sold low-sulphur condensate (LSC) for loading in October at a premium of $2 to $2.50 a barrel to Dubai quotes, they added.
INDONESIA
* Oil major BP (LON:BP) offered 100,000 barrels of Attaka crude for loading in October on the RIM trading platform at a discount of $4.20 a barrel to dated Brent, trade sources said.
BRENT-DUBAI EFS
* Brent's premium to Dubai swaps DUB-EFS-1M was at $1.92 a barrel for October, up 20 cents from the previous session.
NEWS
* Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The Southeast Asian offshore natural gas assets of U.S. oil and gas producer Hess Corp (NYSE:HES) HES.N , estimated to be worth as much as $5 billion, have attracted takeover interest from firms including Thailand's PTTEP PCL PTTEP.BK and Austrian energy group OMV AG OMVV.VI , people familiar with the matter said. Iran told OPEC on Sunday no member country should be allowed to take over another member's share of oil exports, expressing Tehran's concern about Saudi Arabia's offer to pump more oil in the face of U.S. sanctions on Iranian oil sales. The most-active December Shanghai crude futures prices ISCZ8 dropped 3.4 percent by midday close, as investors trimmed their long positions, bringing the nascent crude oil futures to a discount compared with global benchmarks. Iraq's state-run Basra Oil Company and Chevron (NYSE:CVX) CVX.N agreed to begin implementing a Memorandum of Understanding to develop fields in the south of the country, the Iraqi oil ministry said on Sunday. 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