Middle East Crude

In trade for January-loading Abu Dhabi grades, several cargoes of Murban changed hands on attractive prices. United Petroleum & Chemicals Co (UNIPEC) bought 500,000barrels of Murban from Spain's Repsol at premiums of $1.25 to Dubai quotes last Friday onwards. Further, Fuji Oil purchased one cargo of Murban from Idemitsu Kosan at premiums of $1.40 to Dubai quotes last week. Apart from that, UNIPEC purchased one cargo of January-loading Upper Zakum from US Exxon Mobile at premiums of about $1.70 to Dubai quotes. In trade for Iraqi grades, one equity-holder of Basrah Medium sold 500,000barrels of December-loading cargo to one trader at discounts of $1.50 to the OSP. 　

African/European/Russian/American Crude

In trade for US grades for delivery to Asia, Taiwan's CPC purchased three VLCCs or 6.0 mil bbls in total of US WTI Midlands in its February arrival sweet crude buy tender. CPC bought the Midlands at DTD Brent linked prices but the price was equivalent to a premium of the $3.00s level to Dubai quotes on a CFR basis. In the trade of arbitrage condensates bound for Asia, Equatorial Guinea's Alba changed hands. US Marathon Oil sold one cargo for December-loading Alba condensate to European Trafigura via its recent tender. The cargo was believed to have been awarded at a discount of the $9.00s level to Dated Brent on an FOB basis.

Asia Pacific Crude

In trade for January-loading Australian grades, France's Total Energies awarded a Ichthys sell tender to European Vitol at premiums in the $1's to Dated Brent. In trade for January-loading Malaysian grades, Malaysia's state-owned Petronas carried out a January-loading Labuan sell tender and European Vitol won the tender at premiums of $13 to Dated Brent. In trade for January-loading Vietnamese grades, regarding a Chim Sao sell tender issued by PV OIL, Thailand's PTT Public Co (PTT) won the tender at premiums of around $8 to Dated Brent.