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Weekly Summary

Crude/Condensate: Aug 18-22: Ruby tender awarded to Taiyo Oil

Middle East Crude

 In the trade of October-loading Abu Dhabi crude, Idemitsu Kosan bought two cargoes of Murban. The sellers for both cargoes were unknown, but the prices were said to be at premiums of the $2.7s level to Dubai quotes. Idemitsu in the previous September-loading purchased at least one spot cargo of Murban. Meanwhile, October-loading Umm Lulu also changed hands. French Total Energies sold one cargo to European Glencore at the premium of the $2.6s level to Dubai quotes.

 

African/European/Russian/American Crude

 A supply program of October-loading Angolan grades was released. A total of 31 cargoes planned to be loaded, unchanged from September-loading. Five cargoes of Dalia, three cargoes each for Clove, Mostarda and Girrasol, two cargoes each of Cabinda, Hungo, Pazflor, Nemba and Saturuno, one cargo each of Agogo, Gindungo, Kissanje, Mondo, Olombendo, Plutonio and Sangos. Of these, Angolan producer Sonangol planned to handle 11 cargoes.

 

Asia Pacific Crude

 In the trade of October-loading Vietnamese grades, state-owned Petro Vietnam Oil (PV OIL) awarded its Ruby sell tender to Taiyo Oil. The cargo was awarded at premiums in the $4.00s level to Dated Brent. In the tender closed on Aug 13, PV Oil offered one 300,000bbl cargo for Oct 5-12 loading.

 



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