--Africa/Europe/Russia/America
In the trade of Libyan grades, the East Libyan government reportedly declared force majeure on Libyan supplies in East Libya. The force majeure applied to all oil fields and terminals in Libya. The move came as the East government was fighting with the West government over the control of the central bank and oil revenues. In East Libya, most of main grades such as Sarir, Bu Attifel, Brega, Amna, Es Sider are produced. In Libya, crude loading from tanks in East Libya continued but production was said to have been slashed to less than half of normal production.
--Middle East
In trade for October-loading Middle East condensates, Saudi Arabia's Khuff condensate appeared while Qatari's D.F.C. and L.S.C. had been sold out. Saudi Aramco started offering October-loading Khuff condensate to some players. Aramco produces Khuff condensate at the Khuff layer in the Ghawar oil field, the country's largest field located in eastern Saudi Arabia. Saudi Aramco had halted its supply of the condensate for a few months due to a disruption in the pipeline that transports Khuff condensate from the Ghawar oil field to the loading site. Nevertheless, Aramco resumed selling Khuff condensate in August since the company had resolved the production issue in the pipeline.
--Asia Pacific
In trade for October-loading Australian condensates, Briton's Shell moved on selling Prelude for end-October loading. Meanwhile, there were few active buyers. One trader in Singapore pointed out that most end-users were cautious about buying Australian condensates since refinery margins for petrochemical products remained low and the current value of Australian condensates was relatively expensive.
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