--Middle East

Saudi Arabia's state-owned Saudi Aramco sold a total of 4.0 million barrels of Arab Light in a tender closed on Wednesday. PetroChina and an end-user in Japan were said to have purchased 2.0 million barrels each. Those cargoes will be offered via STS off the coast of Fujairah in September. Saudi Arabia recently beefed up STS sales outside the Persian Gulf. Reflecting Iran's move to close the Strait of Hormuz, buyers refrained from loading from supply terminals inside the Gulf, which had reduced sales by Aramco.

-- Africa/Europe/Russia/America

In trade for Angolan grades, Angola's state-owned oil company Sonangol decided to skip spot sales of October-loading cargoes. As previously reported, the company would handle eight cargoes for October loading, all of which would be supplied to Sinochem, China International United Petroleum & Chemicals (UNIPEC) and Indian Oil Corp. (IOC) under term contracts.

--Asia Pacific

Production of Malaysian Kikeh remains suspended. Maintenance appears to be continuing at the offshore Kikeh field, with possible repair work on the floating production, storage and offloading facility (FPSO) and subsea equipment, as well as major well workovers. A fire occurred at the Kikeh production facilities in November 2025, prompting the declaration of force majeure, although it remains unclear whether the current maintenance is related to that incident. No outlook has been given for a restart of production.