Middle East Crude

ADNOC apparently cancelled some allocation cuts to equity holders. ADNOC in the middle of June informed equity holders for Murban such as British BP, French TotalEnergies and INPEX that it would reduce allocations by 10-20% for July loading. A trader in Singapore says, "In response to requests from equity holders to cancel allocation cuts, ADNOC accepted requests to call off most cuts. Many equity holders had been struggling to arrange loading plans and so on as the cuts were applied to prompt cargoes."

African/European/Russian/American Crude

　In the trade of Nigerian grades, Dangote group in the country would receive a total of five cargoes for August-loading to its own refinery (650,000 barrels per day). The five cargoes were two cargoes of Bony Light (Aug 13-14 loading and Aug 29-30 loading), and one cargo each for Amenam (Aug 5-6 loading), Escravos (Aug 11-12 loading) and Okwuibome(Aug 19-20 loading) . The company had taken five cargoes of July-loading Nigerian grades for delivery to the refinery, as reported earlier.

Asia Pacific Crude

In the trade of September-loading Vietnamese grades, PV Oil floated a sell tender for Su Tu Den. In the tender to close on Jul 8 with validity until Jul 9, two cargoes for Sep 2-8 loading and Sep 12-14 loading (each 300,000bbl) were offered. In the August-loading sell tender for Su Tu Den, China International United Petroleum & Chemicals Co (UNIPEC), PV Oil Singapore and European Vitol took one cargo each at premiums of the $3.00s levels to Dated Brent.