News Search

News Search

Search Period

  1.  / 
  2.  / 
  3.    
  4.  / 
  5.  / 
  6.    

Weekly Summary

Crude/Condensate: Jun 13-17: Aug Ruby at record premium of +$10

Middle East Crude

PTT in Thailand purchased at least one cargo each of Abu Dhabi Murban and Qatar Marine in its August to September arrival sour crude buy tender for IRPC closed on Wednesday. The winner for the Murban was said to be British BP while Shell sold the Qatar Marine. The price for the Murban was heard at a premium of $10.90 to Dubai quotes on a FOB basis. The price for the Qatar Marine was heard at a discount of 5cts to OSP.

 

African/European/Russian/American Crude

In the trade of other Nigerian grades, South Korea's SK Energy purchased Nigerian Agbami for mid-July loading. The seller was US Chevron. The major offered the cargo at a premium of about $4.50 to Dated Brent, so that the deal was seen done at a premium between $4.00 and $4.50 to Dated Brent. SK shunned procurements of Russian grades such as Sakhalin crudes after Russia's invasion of Ukraine, so that the company boosted purchases for alternative grades.

 

Asia Pacific Crude

Vietnam's state-run PV Oil sold 300,000bbl of August 14-21 loading Ruby in a tender closed on Tuesday. PTT Public C in Thailand won the tender at a record high at a premium of about $10 to Dated Brent. This price surpassed that for July-loading Ruby that had been sold to PTT by about $1.5. The hefty premium for the Ruby came as demand/supply for crude oil was globally tight and refining margins were strong in Asia

Tokyo : Crude/Condensate Team  Keiko Takagi   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.