--Middle East

　In floating based trade linked to Dubai and OSPs, talks for August-loading Middle East grades were thin. Only Upper Zakum changed hands and Qatar Energy floated a August-loading sell tender for some grades such as Al Shaheen. Apart from that, fresh offers and delas for other Abu Dhabi grades, Qatari grades and Iraqi grades were not heard. Many market players are closely monitoring the situation in the Middle East, particularly the situation involving Iran and Israel, and most players apparently refrained from talks for August-loading and took a wait-and-see stance. As of the afternoon Tokyo time on Friday, there were no reports of disruptions, delays, or halts in production or supply operations at Middle Eastern crude oil or condensate facilities. However, many buyers of Middle Eastern crude were increasingly concerned that restrictions would soon be imposed on vessels navigating through the Gulf region. A trader in Singapore stated that there was a possibility that Iran might close the Strait of Hormuz, adding that the top priority would be to gauge supply trends of oil-producing countries.

--Africa/Europe/Russia/America

In the trade of Canadian grades for Asia, September arrival Cold Lake ex the TMX pipeline was heard offered at a discount of about 50cts to ICE Brent on a CFR basis. September arrival Access Western Blend (AWB) was offered at a discount of about $1.00 to ICE Brent on CFR. The offer levels were raised from the initial trading cycle for September arrival. For September arrival TMX crude, Rongsheng Petrochemical at the end of May purchased at least one cargo of AWB. The price was at a discount of $2.75 to ICE Brent when the deal changed hands.

--Asia Pacific

　In trade for August-loading Indonesian grades, Indonesia's TIS Petroleum (TIS) floated a sell tender. The tender would be closed on Friday at 13:00 Singapore time with offers valid until the same day at 20:00. TIS was trying to sell four cargoes as follows; 85,000barrels of Lalang for Aug 25-30 loading, 170,000barrels of Minas for Aug 27-30 loading, 150,000barrels of Pangkah for Aug 27-30 loading and 85,000barrels of BD Karapan for Aug 29-31 loading.