Middle East Crude

　Abu Dhabi National Oil Co (ADNOC) planned to supply 1.59 million barrels per day (b/d) on Murban for its term contractors in February. ADNOC's supply plan in February was stable from the plan as of end-October and the February volume would increase by 5,000 b/d from January. The United Arab Emirates (UAE) kept increasing production as the producer apparently aimed to gain the market share of Murban as an alternative for Russian crudes.

African/European/Russian/American Crude

　 In trade for January-loading Congo grades, a supply program of Djeno was settled. A total of seven cargoes, each 920,000 barrels, would be supplied, in line with the usual monthly volume. Of these, France's Total Energies would handle three cargoes while Briton's Perenco would handle two cargoes. In addition, the Republic of Congo and Briton's Trident Energy would have one cargo each.

Asia Pacific Crude

　In trade for January-loading Malaysian condensates, state-owned Petronas awarded a Muda sell tender to SK Energy. The awarded price might have been at premiums of about $1 to Dated Brent on an FOB basis, according to some sources. Some participants such as one end-user in Thailand had showed bids for the tender on top of SK Energy and spot demand had been firm. Through the tender, Petronas was trying to sell one cargo for January-loading.