SINGAPORE, Nov 15 (Reuters) - Vietnam on Thursday offered a fourth spot crude cargo for loading in January, while traders looked ahead to Russian tenders for price direction in the Asia-Pacific crude market.
PV Oil offered a spot Su Tu Den crude cargo to load on Jan. 25-29 after earlier awarding supplies of this grade to a local refinery for loading in the first half of 2019. PV Oil last sold a spot cargo of Su Tu Den for loading in July this year.
ExxonMobil and ONGC will award their Russian Sokol crude cargoes on Friday, while Russian producer Surgutneftegaz will close on Thursday a tender to sell two ESPO crude cargoes.
Brent's premium to Dubai swaps DUB-EFS-1M was at $1.17 per barrel, up $0.10 for January.
TENDERS COUNTRY/COMPANY
GRADE
VOL
CLOSE (VALID)
LOADING DATE **VIETNAM/PV OIL
s:Su Tu Den 350KB
Nov 21 (Nov 23) Jan 25-29 VIETNAM/PV OIL
s:Ruby
300KB
Nov 15 (Nov 22) Jan 17-24 VIETNAM/PV OIL
s:Chim Sao 2*300KB
Nov 13 (Nov 20) Jan 10-14,
26-30 INDONESIA/PERTAMIN b:sweet
2*600KB
Nov 16 (Nov 20) Jan arr A
Balongan RUSSIA/EXXON
s:Sokol
1-2*700KB
Nov 16
Jan 6-10,
12-16, 22-26,
Jan 29 to Feb
2 **RUSSIA/ONGC
s:Sokol
700KB
Nov 15 (Nov 16) Jan 25-31 **RUSSIA/SURGUT
s:ESPO
2*740KB
Nov 15
Dec 31-Jan 5,
Jan 4-9 QATAR/QP
s:DFC
500KB-1000KB Nov 7 (Nov 13)
Jan TENDERS AWARD
COUNTRY/COMPANY
GRADE
VOL
COUNTERPARTY/PRI LOADING DATE
CE
*INDONESIA/PERTAMI b:NWS cond 650KB
NA
Jan 10-12 arr NA
NEWS
The U.S. oil market is scrambling to adjust to a deep selloff over the last several weeks, with forward prices signaling a supply glut which could upend plans for producers and traders through 2019. will cut imports of West African oil to the lowest in seven months in November due to the higher cost of shipments, while South Korean imports from West Africa will reach to an 11-year high as U.S. sanctions hit Iranian crude supplies. Korea's October imports of Iran oil remained at zero for a second straight month ahead of U.S. sanctions against Iran that came into effect on Nov.5, customs office data showed on Thursday. another mega-project like Total's Kaombo on the horizon and fields getting old, Africa's second-largest crude producer is facing a steep decline unless it can revive exploration in what was once one of the world's most exciting offshore prospects. crude oil traded at a premium to dated Brent in the Baltic on Wednesday for the first time since 2013, according to trade sources and Refinitiv Eikon. stocks in northwest Europe's refining hub are drying up as inbound tankers are turned away and exports soar in response to the receding Rhine river that has cut off key inland markets. 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
NAF-SIN-CRK
Complex refining margins REF/MARGIN1